Gaffney, SC — Demographics & Statistics
ZIP code 29340 serves a portion of Gaffney, South Carolina, within Cherokee County. This community is home to approximately 22,654 residents, with a median age of 41.9 years. The median household income of $64,932 sits below the national median of $67,521, while median home values of $454,524 are above the national average of $301,500. The area has a owner-majority housing profile, with 55% owner-occupied and 45% renter-occupied units. Cost of living in this part of Gaffney is lower than the national baseline, with an index of 94 (100 = national average). With a college-education rate of 53% and an unemployment rate of 6.1%, 29340 reflects the economic character of Cherokee County in South Carolina.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 22,654 | — |
| Population | Density (per sq mi) | 16,158 | — |
| Economics | Median Household Income | $64,932 | ↓ 4% vs nat'l avg |
| Economics | Median Home Value | $454,524 | ↑ 51% vs nat'l avg |
| Economics | Cost of Living Index | 94 | ↓ Lower than avg |
| Economics | Unemployment Rate | 6.1% | ↑ 56% vs nat'l avg |
| Economics | Below Poverty Line | 11.8% | ↑ 4% vs nat'l avg |
| Education | College Educated (25+) | 53% | ↑ 51% vs nat'l avg |
| Demographics | Median Age | 41.9 yrs | ↑ 9% vs nat'l avg |
| Housing | Owner-Occupied | 55% | — |
| Housing | Renter-Occupied | 45% | — |
| Housing | Total Housing Units | 10,420 | — |