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EconPulse

Local economy signal dashboard

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PLACEStable

Olar, SC

Stable overall. GDP / Output is the clearest support signal, while jobs needs the most attention. Housing reads as severely cost-burdened for a median-income household.

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Overall score37out of 100
Compare
100
0
0
27
100

Population

139

Data freshness

Unknown

GDP / Output

+10.9% YoY

100

$510.4M

Output changed +10.9% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

9.8%

Unemployment is 9.8% for Latest available.

Vintage date unknown

State avg4.9%
U.S. avg5.2%

Population

-54.7% 5-year

0

139

Population moved -54.7% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

27

51.8%

Median rent consumes 51.8% of median household income: Severely cost-burdened.

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

$10.3K per resident

100

$136.5M

$136.5M 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

$136.5M

$10.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$79.7M
2. Federal Communications Commission$13.3M
3. Department of Education$11.9M

Top recipients

Dollars
1. LUMOS NETWORKS OF WEST VIRGINIA, INC._3142$12.7M
2. VOORHEES UNIVERSITY$9.4M
3. HERITAGE SERVICES CORPORATION$6.6M

Severely cost-burdened

Housing Affordability

51.8%

of median income

1BR estimate$974
2BR estimate$1,283
Median income$27,500
Median home value$90,000

ACS context

Quick Facts

Population

139

Median age

40.2

Bachelor's degree+

18.1%

Poverty rate

22.3%

Labor force participation

42.3%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

-14.7%

GDP CAGR

+7.8%

Federal flow

5 years

Population (5 years)
2020307
2021203
2022179
2023188
2024139
GDP (5 years)
2020$350.7M
2021$367.3M
2022$435.7M
2023$460.3M
2024$510.4M

2-year linear forecast

Predictive Outlook

Population forecast

2024139
202598 *
202663 *

R² = 78.4% · * projected

GDP forecast

2024$510.4M
2025$548.6M *
2026$589.9M *

R² = 97.2% · * 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$27,500/yr
Median rent$1,188/mo
Rent share of income51.8%
Est. mortgage (30yr, 6.5%)$5,461/yr
Mortgage share of income19.9%

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

employment snapshot

Job Market

Unemployment rate9.8%
State avg4.9%
U.S. avg5.2%
Labor force participation42.3%
Poverty rate22.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$90,000
Median monthly rent$1,188
Price-to-rent ratio6.3x

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

composite score

Investment Climate

Investment climateModerate
Composite score39/100
Economic growth100/100
Labor market0/100
Population momentum0/100
Overall stability37/100

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

Location Context

Olar town, South Carolina

City/Town

Part of

South Carolina

Nearby locations

Govan, SCUlmer, SCHilda, SCDenmark, SCKline, SC