29506 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Florence County
Centroid: Latitude 34.21, Longitude -79.734
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 29506 has segments in 2 Counties (Darlington, Florence).

Businesses Addresses: 596
PO Box Addresses: 112
Residential Addresses: 8,061

Multi-Family Addresses: 700
Single Family Addresses: 7,361

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Florence, SC 29506 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	20,964 (100%)
Population in Households	19,348 (92.3%)
Population in Families	15,599 (74.4%)
Population in Group Quarters¹	1,616 ( 7.7%)
Population Density	177
Diversity Index²	49


INCOME
Median Household Income	$37,094
Average Household Income	$52,091
% of Income for Mortgage⁴	12%
Per Capita Income	$18,743
Wealth Index⁵	45

HOUSING
Total HU (Housing Units)	8,735 (100%)
Owner Occupied HU	4,230 (48.4%)
Renter Occupied HU	3,265 (37.4%)
Vacant Housing Units	1,240 (14.2%)
Median Home Value	$105,123
Average Home Value	$152,400
Housing Affordability Index³	218

HOUSEHOLDS
Total Households	7,495
Average Household Size	2.58
Family Households	4,944
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Florence, SC 29506 - Peer Comparisons by Rank and Percentile

The table below compares 29506 to the other 398 ZIP Codes in South Carolina by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.13%	0.31%
Households	0.13%	0.31%
Families	-0.09%	0.16%
Median Household Income		0.73%
Per Capita Income		1.45%
Owner Occupied HU		0.16%

Variable Description	Rank	Percentile
Total Population	# 97	76th
Population Density	# 152	62nd
Median Household Income	# 296	26th
Housing Affordability Index	# 203	51st
Per Capita Income	# 337	16th
Diversity Index	# 216	46th

Florence, SC 29506 ZIP Code Profile

ZIP Code 29506: Basic Data & USPS Preferred City Name

Florence, SC 29506 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Florence, SC 29506 - Peer Comparisons by Rank and Percentile

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