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Zip 29501 (Florence, SC) Economy


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United States / / / Florence (zip 29501)
Florence, South Carolina (29501) is an up and coming city that offers low cost living and bustling entertainment. The average 2-bedroom rent in Florence is $970, which is significantly lower than the national average of $1,430. Grocery costs are even better when compared to the rest of the country; while the US 黑料社区 Index stands at 100, Florence's index is 96. This city has been rapidly growing over the past decade, attracting new businesses such as Magnolia Mall Shopping Center and multiple restaurants like Papa Joe鈥檚 Italian Restaurant. With its low cost of living combined with its economic growth, Florence provides a great opportunity for people looking for a new home.

Florence (zip 29501) has an unemployment rate of 4.8%. The US average is 6.0%.

Florence (zip 29501) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Florence (zip 29501)
- The Sales Tax Rate for Florence (zip 29501) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Florence (zip 29501) is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Florence (zip 29501)
- The average income of a Florence (zip 29501) resident is $34,248 a year. The US average is $37,638 a year.
- The Median household income of a Florence (zip 29501) resident is $60,215 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFlorence, South CarolinaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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