Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Mccormick, SC

Thriving overall. GDP / Output is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score77out of 100
Compare
100
96
0
73
100

Population

2,506

Data freshness

Unknown

GDP / Output

+13.4% YoY

100

$330.7M

Output changed +13.4% in 2024.

Vintage date unknown

State growth7.2%
U.S. growth5.3%

Jobs

Unemployment rate

96

1.7%

Unemployment is 1.7% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg4.3%

Population

-17.6% 5-year

0

2,506

Population moved -17.6% over the latest ACS window.

Vintage date unknown

State population5,296,225
U.S. population334,922,499

Housing

Rent share of income

73

19.6%

Median rent consumes 19.6% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$17.2K per resident

100

$163.6M

$163.6M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$137.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$163.6M

$17.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$116.1M
2. Department of Defense$29.3M
3. Department of Veterans Affairs$14.9M

Top recipients

Dollars
1. ASHBRITT INC$22.5M
2. R & D MAINTENANCE SERVICES INC$6.7M
3. SOUTH CAROLINA DEPARTMENT OF TRANSPORTATION$386.3K

Affordable

Housing Affordability

19.6%

of median income

1BR estimate$549
2BR estimate$724
Median income$41,111
Median home value$92,000

ACS context

Quick Facts

Population

2,506

Median age

41.0

Bachelor's degree+

10.3%

Poverty rate

26.6%

Labor force participation

29.9%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-10

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-3.8%

GDP CAGR

+5.7%

Federal flow

5 years

Population (5 years)
20203,043
20212,936
20222,760
20232,681
20242,506
GDP (5 years)
2020$250.8M
2021$252.4M
2022$278.4M
2023$291.7M
2024$330.7M

2-year linear forecast

Predictive Outlook

Population forecast

20242,506
20252,387 *
20262,254 *

R² = 98.9% · * projected

GDP forecast

2024$330.7M
2025$340.5M *
2026$360.4M *

R² = 91.7% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$41,111/yr
Median rent$670/mo
Rent share of income19.6%
Est. mortgage (30yr, 6.5%)$5,582/yr
Mortgage share of income13.6%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate1.7%
State avg4.8%
U.S. avg4.3%
Labor force participation29.9%
Poverty rate26.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$92,000
Median monthly rent$670
Price-to-rent ratio11.4x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateStrong
Composite score73/100
Economic growth100/100
Labor market96/100
Population momentum0/100
Overall stability77/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

McCormick town, South Carolina

City/Town

Part of

South Carolina

Nearby locations

Plum Branch, SCTroy, SCBradley, SCParksville, SCWillington, SC