Zip 29020 (Camden, SC) Economy


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Camden, South Carolina is a great place to live due to its affordability. The average 2 bedroom rent in Camden is only $850, which is far lower than the US average of $1,430 for similar rental properties. Grocery costs are also more budget-friendly as the cost index in Camden is 94 compared to the US index of 100. Therefore, it's no surprise that many people flock to this small town. There are numerous companies operating in the area such as Walgreens, Walmart Neighborhood Market, Dollar General, and Bi-Lo Grocery Store. Other local businesses include Camden Medical Center and CMC Real Estate Group. Camden has all the amenities of larger cities while still providing an affordable lifestyle for its residents.

Camden (zip 29020) has an unemployment rate of 4.5%. The US average is 6.0%.

Camden (zip 29020) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.

Tax Rates for Camden (zip 29020)
- The Sales Tax Rate for Camden (zip 29020) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Camden (zip 29020) 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 Camden (zip 29020)
- The average income of a Camden (zip 29020) resident is $23,556 a year. The US average is $28,555 a year.
- The Median household income of a Camden (zip 29020) resident is $47,091 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCamden, South CarolinaUnited States
  4.56
  -2.1%-6.2%
  28.6%33.5%
  8.0%6.2%
  7.0%4.6%
  $29,090$37,638
  $47,091$69,021
  $64,295$85,028
  Population by Occupation
  0.9%1.2%
  0.1%0.5%
  6.0%6.8%
  13.5%10.0%
  1.5%2.5%
  9.5%11.0%
  4.1%4.8%
  0.6%0.8%
  1.0%1.9%
  6.3%4.7%
  1.1%1.9%
  5.1%7.6%
  0.0%0.1%
  5.4%4.2%
  11.5%9.3%
  10.8%14.0%
  2.2%2.1%
  8.8%7.0%
  3.9%4.8%
  7.8%4.7%
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