Zip 29520 (Cheraw, SC) Economy


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United States / South Carolina / No Metro Area / Chesterfield County / Cheraw / Cheraw (zip 29520)
29520 Cheraw, SC is a vibrant city located in Chesterfield County. With a population of 5,719 people, it offers its residents an array of amenities and activities to enjoy. The 2 Bedroom rent in 29520 Cheraw, SC is $800 per month, which is significantly lower than the average US rent of $1,430 per month. Additionally, the Grocery Cost Index in 29520 Cheraw, SC is 94 versus 100 in the US. This makes it more affordable to make purchases in this area for essentials. \nThe community is well served by local businesses such as McCall’s Furniture Store & Design Center which offers home furnishings and decorating services and Perry’s Barbecue which serves up some amazing barbecue dishes. For art lovers there is Artworks Gallery where one can find unique pieces of art showcasing local talent. All these businesses make 29520 Cheraw, SC a lively place to live and work.

Cheraw (zip 29520) has an unemployment rate of 5.3%. The US average is 6.0%.

Cheraw (zip 29520) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.

Tax Rates for Cheraw (zip 29520)
- The Sales Tax Rate for Cheraw (zip 29520) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cheraw (zip 29520) 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 Cheraw (zip 29520)
- The average income of a Cheraw (zip 29520) resident is $17,390 a year. The US average is $28,555 a year.
- The Median household income of a Cheraw (zip 29520) resident is $41,723 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCheraw, South CarolinaUnited States
  5.36
  -4.0%-6.2%
  32.0%33.5%
  8.0%6.2%
  7.0%4.6%
  $24,833$37,638
  $41,723$69,021
  $52,163$85,028
  Population by Occupation
  3.2%1.2%
  0.5%0.5%
  2.5%6.8%
  26.9%10.0%
  0.0%2.5%
  14.1%11.0%
  3.4%4.8%
  1.3%0.8%
  0.6%1.9%
  2.9%4.7%
  0.4%1.9%
  3.0%7.6%
  0.0%0.1%
  6.5%4.2%
  8.1%9.3%
  11.0%14.0%
  1.8%2.1%
  7.9%7.0%
  4.2%4.8%
  1.7%4.7%
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