Zip 29676 (Salem, SC) Economy


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Rent prices for two-bedroom apartments in 29676 Salem, SC are $1,020, which is much lower than the US average of $1,430. This makes Salem an attractive place to live for those looking to save money on their housing costs. Additionally, the cost of living index in Salem is 103 whereas the US average is 100. This indicates that goods are slightly more expensive in Salem than they are on average across America. For those looking to rent a two-bedroom apartment in the area, some local companies include GreenLane Properties and Premier Property Management Group.

Salem (zip 29676) has an unemployment rate of 4.2%. The US average is 6.0%.

Salem (zip 29676) has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Salem (zip 29676)
- The Sales Tax Rate for Salem (zip 29676) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 29676) 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 Salem (zip 29676)
- The average income of a Salem (zip 29676) resident is $67,976 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 29676) resident is $95,743 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySalem, South CarolinaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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