Spartanburg, South Carolina (zip code 29306) is a great place to live. The cost of living is significantly cheaper than the national average with a grocery cost index at 93 compared to 100 in the US. Furthermore, rent for a two bedroom home in Spartanburg is $940 which is much cheaper than the US average of $1430. Local companies and businesses such as BMW, Amazon, Wal-Mart, and Denny’s provide employment opportunities to the community. There are many other local business that make Spartanburg an incredible place to live. Families can enjoy a relatively low cost of living while still being close to all the amenities that any city has to offer.
Spartanburg (zip 29306) has an unemployment rate of 6.7%. The US average is 6.0%.
Spartanburg (zip 29306) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Spartanburg (zip 29306)
- The Sales Tax Rate for Spartanburg (zip 29306) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spartanburg (zip 29306) 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 (zip 29306)
- The average income of a Spartanburg (zip 29306) resident is $20,288 a year. The US average is $37,638 a year.
- The Median household income of a Spartanburg (zip 29306) resident is $32,702 a year. The US average is $69,021 a year.