Florence, South Carolina (29506) is a great place to live! The 2 bedroom rent is much lower than the national average at just $800, making it an affordable option for those looking to relocate. Furthermore, the Grocery Cost Index is 92 relative to 100 in the US, making groceries more affordable here as well. Local companies include Diversified Fabricators Inc., Spartanburg Steel Products Inc., and Intertech Electronics Inc., all of which are renowned for their quality products and services. Florence offers a wide variety of amenities that make it a great place to call home.
Florence (zip 29506) has an unemployment rate of 4.8%. The US average is 6.0%.
Florence (zip 29506) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Florence (zip 29506)
- The Sales Tax Rate for Florence (zip 29506) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Florence (zip 29506) 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 Florence (zip 29506)
- The average income of a Florence (zip 29506) resident is $17,700 a year. The US average is $28,555 a year.
- The Median household income of a Florence (zip 29506) resident is $34,617 a year. The US average is $69,021 a year.