Zip 29360 (Laurens, SC) Economy


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29360 Laurens, SC is a small city with a population of around 9,000 people located in South Carolina. The cost of living in this area is lower than the national average, making it an attractive option for those looking to save money on living expenses. The median 2 bedroom rent in Laurens is $810 per month which is significantly lower than the national rate of $1,430 per month; grocery costs are also much cheaper here, as the Grocery Cost Index for this area is 94 compared to 100 in the US. Local businesses and attractions such as Palmetto Feed & Seed and The Ridge Golf Club provide great entertainment options and job opportunities in Laurens. All these factors make 29360 Laurens, SC an ideal place to call home.

Laurens (zip 29360) has an unemployment rate of 5.1%. The US average is 6.0%.

Laurens (zip 29360) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Laurens (zip 29360)
- The Sales Tax Rate for Laurens (zip 29360) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurens (zip 29360) 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 Laurens (zip 29360)
- The average income of a Laurens (zip 29360) resident is $20,371 a year. The US average is $28,555 a year.
- The Median household income of a Laurens (zip 29360) resident is $48,114 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLaurens, South CarolinaUnited States
  5.16
  -3.3%-6.2%
  29.8%33.5%
  7.0%6.2%
  7.0%4.6%
  $24,809$37,638
  $48,114$69,021
  $56,628$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  4.6%6.8%
  23.9%10.0%
  2.2%2.5%
  8.9%11.0%
  4.7%4.8%
  1.4%0.8%
  2.5%1.9%
  1.0%4.7%
  2.3%1.9%
  3.4%7.6%
  0.0%0.1%
  8.7%4.2%
  7.1%9.3%
  15.8%14.0%
  0.6%2.1%
  6.0%7.0%
  2.8%4.8%
  3.4%4.7%
Health