Gaffney, SC is a small city located in Cherokee County. It has a population of 12,387 according to the 2020 census. Gaffney is a great place to live with 2 bedroom rent at $790 per month compared to the US average of $1,430. Grocery costs are also lower in Gaffney than the national index with an index of 93 versus 100 in the US. The local economy provides a number of jobs with large companies such as Kawasaki Rail Car Inc., Fitesa SC LLC, and ALCOA among many other employers being present in Gaffney. Education opportunities can be found at Limestone College or Spartanburg Community College’s Cherokee campus. Gaffney is also conveniently located near I-85 and I-26 which allows for easy access to larger cities like Greenville and Charlotte. Those looking for housing close to nature will appreciate nearby Kings Mountain State Park and Cowpens National Battlefield where they can enjoy outdoor activities such as hiking, fishing, camping, mountain biking, and more.
Gaffney has an unemployment rate of 6.1%. The US average is 6.0%.
Gaffney has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Gaffney
- The Sales Tax Rate for Gaffney is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Gaffney 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 Gaffney
- The average income of a Gaffney resident is $17,773 a year. The US average is $28,555 a year.
- The Median household income of a Gaffney resident is $33,514 a year. The US average is $69,021 a year.