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Florence, SC Employment Information
Florence, South Carolina Overview
A city full of history and Southern charm, Florence is home to 207,500 residents as well as three major medical providers and many nearby colleges and universities. Chartered in 1871 and incorporated in 1890, the original township was formed as a railroad terminal. Today, Florence is a mid-sized city large enough to be home to a symphony orchestra, performance theatre, several ballet companies, festivals, parks and museums. The city is small enough to maintain a small-town feel on the South Carolina coastal plains, but also provides many city lifestyle accommodations. Recent undertakings have begun for massive redevelopment of the Downtown area, including restorations and renovations.
Cost of living in Florence is 6.3 percent below the national average. Everything from groceries to rental properties and utilities is less costly. The median household income in Florence is $38,023 and dropped last year by 1.2 percent. The median home price is $124,000 for 2013, representing a 2.2 decrease in home values.
Florence Job Opportunities
Florence is today a hub for industry and infrastructure, as well as a center for business, finance and culture. Florence has grown into a strong center for medical care, with three major medical providers, McLeod Regional Medical Center, Carolinas Hospital System and HealthSouth, serving the surrounding eight counties and providing many healthcare jobs. Additionally, several businesses in the area are expanding to create Florence Jobs, including Pepsi Cola of Florence and Charles W. and Joan S. Coker Library-Information Technology Center and Gardens at Coker College.
Many Florence, SC Jobs are created by top employers in the area, including QVC Incorporated, Honda of South Carolina and J.P. Morgan Chase. Additionally, several companies have their headquarters in Florence, including TRICARE, Assurant and General Electric Medical Systems manufacturing operations. In total there are nine foreign affiliated companies and fourteen Fortune 500 companies creating Jobs in Florence. Florence is also home to Francis Marion University and Florence-Darlington Technical College. There are also opportunities in neighboring cities, so search for Charleston jobs if looking for something a little different.
Florence Employment Trends
As of August 2014, Florence had an unemployment rate of 6.2 percent, which is lower than the South Carolina average of 6.4 percent but higher than the national average of 5.9 percent. Jobs in Florence, SC grew at a rate of 2.1 percent in 2013 and are expected to grow at a rate of 2.0 percent this year.
As of 2014, Florence ranked 166th on Forbes' list of Best Small Place for Business and Careers and 117th in Job Growth. Many new businesses, including QVC, Heinz and Monster.com, have recently created new Florence Jobs by moving their businesses' location to the area.