Spartanburg, SC Metro Area is a great place to live and work, with low rent costs and grocery costs that are lower than the national average. Local companies in the area include Milliken & Company, BMW Manufacturing Co., and Lockheed Martin Missiles and Fire Control. The presence of these large employers helps support a thriving local economy with plenty of job opportunities, making Spartanburg an attractive option for those looking for an affordable place to live and work.
Spartanburg Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.
Spartanburg Metro Area 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 39.4%, which is higher than the US average of 33.5%.
Tax Rates for Spartanburg Metro Area
- The Sales Tax Rate for Spartanburg Metro Area is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Spartanburg Metro Area 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 Spartanburg Metro Area
- The average income of a Spartanburg Metro Area resident is $22,055 a year. The US average is $28,555 a year.
- The Median household income of a Spartanburg Metro Area resident is $57,627 a year. The US average is $69,021 a year.