Greenwood, SC Metro Area is a great place to live for those looking for affordability. The 2 bedroom rent in this area is $850, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index of this area is 94 compared to 100 in the US which means groceries are cheaper here than across the country. This makes Greenwood an ideal option for those seeking a more budget-friendly lifestyle. Local companies like Greenwood Property Management and The Cornerstone Group offer lower rent rates and competitive leases that make living here even more affordable.
Greenwood Metro Area has an unemployment rate of 5.5%. The US average is 6.0%.
Greenwood Metro Area has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood Metro Area
- The Sales Tax Rate for Greenwood Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood Metro Area is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Greenwood Metro Area
- The average income of a Greenwood Metro Area resident is $20,323 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood Metro Area resident is $44,513 a year. The US average is $69,021 a year.