Lake City, South Carolina (29560) is a great place to live with affordable rental costs and low grocery prices. The 2 bedroom rent in Lake City is only $780 per month which is significantly lower than the US average of $1,430. In addition, the Grocery Cost Index in Lake City is 92 compared to 100 in the US, making groceries more affordable for those living in this area. Local businesses that can be found here include HJ Farms, Doe Long Farms, The Peanut Shack and many more. Overall, Lake City is a great place to live with a low cost of living when compared to other areas across the United States.
Lake City (zip 29560) has an unemployment rate of 4.8%. The US average is 6.0%.
Lake City (zip 29560) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Lake City (zip 29560)
- The Sales Tax Rate for Lake City (zip 29560) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lake City (zip 29560) 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 Lake City (zip 29560)
- The average income of a Lake City (zip 29560) resident is $18,263 a year. The US average is $28,555 a year.
- The Median household income of a Lake City (zip 29560) resident is $43,381 a year. The US average is $69,021 a year.