Zip 29055 (Great Falls, SC) Economy


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Great Falls, SC (29055) is a small rural town in Chester County. Despite its small size, it offers an abundance of attractions and amenities for residents and visitors alike. Residents can enjoy the convenience of local businesses like Food Lion grocery store, Crestwood Pharmacy, and a variety of restaurants. The 2 bedroom rent in Great Falls is much more affordable than the US average at $850 per month. Additionally, the Grocery Cost Index in Great Falls is 91 versus 100 in the US, making groceries more affordable for residents as well. With a low cost of living and plenty of amenities to take advantage of, Great Falls is an ideal destination for anyone looking to live or visit in South Carolina.

Great Falls (zip 29055) has an unemployment rate of 7.0%. The US average is 6.0%.

Great Falls (zip 29055) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.

Tax Rates for Great Falls (zip 29055)
- The Sales Tax Rate for Great Falls (zip 29055) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Great Falls (zip 29055) 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 Great Falls (zip 29055)
- The average income of a Great Falls (zip 29055) resident is $13,866 a year. The US average is $28,555 a year.
- The Median household income of a Great Falls (zip 29055) resident is $39,511 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreat Falls, South CarolinaUnited States
  76
  -1.8%-6.2%
  33.3%33.5%
  8.0%6.2%
  7.0%4.6%
  $22,543$37,638
  $39,511$69,021
  $61,125$85,028
  Population by Occupation
  0.0%1.2%
  0.9%0.5%
  3.9%6.8%
  19.9%10.0%
  2.9%2.5%
  12.6%11.0%
  6.2%4.8%
  0.4%0.8%
  0.7%1.9%
  2.6%4.7%
  2.8%1.9%
  2.6%7.6%
  0.0%0.1%
  5.9%4.2%
  5.6%9.3%
  10.2%14.0%
  0.7%2.1%
  9.1%7.0%
  7.3%4.8%
  5.5%4.7%
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