29001 Alcolu, SC is a small town with a population of around 1,000 people. The 2 bedroom rent in the city is $790, which is significantly lower than the US average of $1,430. Grocery costs in Alcolu are also lower than the nationwide index at 94 points versus 100 in the US. Local businesses and companies within 29001 Alcolu include Rose Hill Milling Company Inc., Edisto Electric Co-Op Inc., United Oil Company LLC, and Black River Country Store. These businesses help to support the local economy by providing employment opportunities for locals and offering essential services such as milling, electricity providers for homes and businesses and grocery stores.
Alcolu (zip 29001) has an unemployment rate of 5.9%. The US average is 6.0%.
Alcolu (zip 29001) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.
Tax Rates for Alcolu (zip 29001)
- The Sales Tax Rate for Alcolu (zip 29001) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Alcolu (zip 29001) 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 Alcolu (zip 29001)
- The average income of a Alcolu (zip 29001) resident is $16,978 a year. The US average is $28,555 a year.
- The Median household income of a Alcolu (zip 29001) resident is $45,938 a year. The US average is $69,021 a year.