Duncan, SC Economy


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Duncan, SC is a small city located in the Upstate of South Carolina. It is known for its low cost of living, with average two bedroom rent costing $1,170 compared to the US average of $1,430. Grocery costs are also low in Duncan as indicated by a grocery cost index of 98 versus the US index of 100. This makes it an attractive place for families looking for affordable living. Duncan offers several local businesses such as Dave's Bait and Tackle, Duncan Automotive Repair, and Dogwood Garden Center and Nursery. The community also has local parks like Smith Brothers Park and Lake Lyman which are great places to spend time outdoors with family or friends.

Duncan has an unemployment rate of 4.7%. The US average is 6.0%.

Duncan has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.

Tax Rates for Duncan
- The Sales Tax Rate for Duncan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Duncan 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 Duncan
- The average income of a Duncan resident is $16,954 a year. The US average is $28,555 a year.
- The Median household income of a Duncan resident is $52,979 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDuncan, South CarolinaUnited States
  4.76
  -1.7%-6.2%
  39.9%33.5%
  7.0%6.2%
  7.0%4.6%
  $21,502$37,638
  $52,979$69,021
  $62,383$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.3%6.8%
  26.3%10.0%
  0.0%2.5%
  15.6%11.0%
  10.0%4.8%
  2.4%0.8%
  0.0%1.9%
  6.6%4.7%
  0.4%1.9%
  2.0%7.6%
  2.0%0.1%
  2.5%4.2%
  9.9%9.3%
  4.1%14.0%
  0.0%2.1%
  7.6%7.0%
  4.3%4.8%
  2.1%4.7%
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