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Gaffney city, SC
ZIP 29340 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Working ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Gaffney city, SC (29340)
Median Income
$42,359
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+855
Wealth inflow
Population
21,394
Unemployment
4.5%
0.8pp above US avg
IRS migration statistics show a net inflow of about 855 for ZIP 29340 (Gaffney city, SC) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 29340 (2020–Present)
Since 2020, population grew 5.2%, median income fell 0.9% (inflation-adjusted), home values increased 13.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $42,359 |
| Unemployment | 4.5% |
| Establishments | 273 |
| Employees | 4,256 |