Zip 29045 (Elgin, SC) Economy


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Elgin, SC (29045) is a small town located in Kershaw County, South Carolina. It is a great place to call home for those looking to escape the hustle and bustle of larger cities. The median 2 bedroom rent in Elgin is $1,260, which is lower than the US rental rate of $1,430. The cost of groceries in Elgin is also relatively low with its Grocery Cost Index at 98 compared to 100 in the US as a whole.
Residents of Elgin are served by local companies such as Carolina Traditions and Savannah Staton Law Firm providing services ranging from landscaping to legal advice. There are several amenities available such as Dixon Park offering recreational activities for people of all ages; several restaurants like Cup Of Joe's Cafe & BBQ offering delicious Southern-style food; and Elgin Fitness Center with 24 hour access to exercise equipment and fitness classes.

Elgin (zip 29045) has an unemployment rate of 5.2%. The US average is 6.0%.

Elgin (zip 29045) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.

Tax Rates for Elgin (zip 29045)
- The Sales Tax Rate for Elgin (zip 29045) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Elgin (zip 29045) 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 Elgin (zip 29045)
- The average income of a Elgin (zip 29045) resident is $27,007 a year. The US average is $28,555 a year.
- The Median household income of a Elgin (zip 29045) resident is $64,688 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElgin, South CarolinaUnited States
  5.26
  -1.9%-6.2%
  27.4%33.5%
  8.0%6.2%
  7.0%4.6%
  $32,336$37,638
  $64,688$69,021
  $77,571$85,028
  Population by Occupation
  0.9%1.2%
  0.3%0.5%
  8.6%6.8%
  9.6%10.0%
  3.0%2.5%
  10.9%11.0%
  4.2%4.8%
  1.2%0.8%
  1.1%1.9%
  8.0%4.7%
  2.6%1.9%
  4.7%7.6%
  0.2%0.1%
  3.4%4.2%
  8.1%9.3%
  16.3%14.0%
  0.5%2.1%
  3.4%7.0%
  5.7%4.8%
  7.3%4.7%
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