Zip 29302 (Spartanburg, SC) Economy


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Spartanburg, SC, zip code 29302 is located in the Upstate region of South Carolina. It is a city with a population of 37,013 and has an average two bedroom rent of $1,000. The grocery cost index for Spartanburg is 96 compared to the national average of 100. Local companies in Spartanburg include Milliken & Company, BMW Group Manufacturing, FedEx Freight East, and Advance America Cash Advance Centers Inc. Milliken & Company works in textiles and manufacturing of specialty chemicals. BMW Group Manufacturing produces BMW’s X models at its large vehicle assembly facility in the area. FedEx Freight East has been providing regional distribution services since 1966. Advance America Cash Advance Centers Inc provides financial services for individuals and businesses throughout Spartanburg County.

Spartanburg (zip 29302) has an unemployment rate of 6.7%. The US average is 6.0%.

Spartanburg (zip 29302) has seen the job market increase by 0.9% 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 29302)
- The Sales Tax Rate for Spartanburg (zip 29302) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spartanburg (zip 29302) 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 29302)
- The average income of a Spartanburg (zip 29302) resident is $31,400 a year. The US average is $28,555 a year.
- The Median household income of a Spartanburg (zip 29302) resident is $61,103 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpartanburg, South CarolinaUnited States
  6.76
  -1.7%-6.2%
  36.2%33.5%
  7.0%6.2%
  7.0%4.6%
  $38,237$37,638
  $61,103$69,021
  $83,880$85,028
  Population by Occupation
  0.2%1.2%
  0.3%0.5%
  7.1%6.8%
  17.0%10.0%
  2.3%2.5%
  9.8%11.0%
  3.7%4.8%
  0.3%0.8%
  1.3%1.9%
  2.7%4.7%
  1.5%1.9%
  6.4%7.6%
  0.1%0.1%
  2.3%4.2%
  17.1%9.3%
  11.5%14.0%
  0.9%2.1%
  5.8%7.0%
  6.0%4.8%
  3.6%4.7%
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