GDP / Output
+6.3% YoY
83
$23.0B
Output changed +6.3% in 2024.
Vintage date unknown
State growth7.2%
U.S. growth5.3%
Jobs
Unemployment rate
6
8.0%
Unemployment is 8.0% for Latest available.
Vintage date unknown
State avg4.9%
U.S. avg5.2%
Population
-4.2% 5-year
25
3,797
Population moved -4.2% over the latest ACS window.
Vintage date unknown
State population5,296,225
U.S. population334,922,499
Housing
Rent share of income
53
33.6%
Median rent consumes 33.6% of median household income: Strained.
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
$6.9K per resident
90
$2.3B
$2.3B 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
$2.3B
$6.9K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$1.8B
2. Department of Veterans Affairs$224.3M
3. Department of Education$49.6M
Top recipients
Dollars1. SPARTANBURG HOUSING$24.1M
2. SPARTANBURG COMMUNITY COLLEGE$18.3M
3. UNIVERSITY OF SOUTH CAROLINA$17.0M
Strained
Housing Affordability
33.6%
of median income
1BR estimate$868
2BR estimate$1,143
Median income$37,754
Median home value$109,600
ACS context
Quick Facts
Population
3,797
Median age
35.9
Bachelor's degree+
3.8%
Poverty rate
43.3%
Labor force participation
59.6%
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
-0.9%
GDP CAGR
+6.6%
Federal flow
5 years
Population (5 years)
20203,965
20214,264
20223,856
20233,985
20243,797
GDP (5 years)
2020$16.7B
2021$18.1B
2022$19.9B
2023$21.6B
2024$23.0B
2-year linear forecast
Predictive Outlook
Population forecast
20243,797
20253,789 *
20263,727 *
R² = 29.2% · * projected
GDP forecast
2024$23.0B
2025$24.7B *
2026$26.3B *
R² = 99.8% · * 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$37,754/yr
Median rent$1,058/mo
Rent share of income33.6%
Est. mortgage (30yr, 6.5%)$6,650/yr
Mortgage share of income17.6%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate8.0%
State avg4.9%
U.S. avg5.2%
Labor force participation59.6%
Poverty rate43.3%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$109,600
Median monthly rent$1,058
Price-to-rent ratio8.6x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score42/100
Economic growth83/100
Labor market6/100
Population momentum25/100
Overall stability44/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.