2020 Census results are positive for the Greenville-Spartanburg CSAs
Key Takeaways
- Trends in income, population and retail sales growth will benefit retail in Greenville-Spartanburg
- The overall retail market vacancy dropped to 4.77%
According to the 2020 Census, the Greenville-Spartanburg combined statistical areas (CSAs) population has grown from 1,108,419 in 2010 to 1,256,192 people in 2020, an increase of 13.33% over the past ten years. The average median household income within the Greenville-Spartanburg CSAs during 2020 was $50,501 a 32.23% increase over the 2010 averaged median income $38,193. In addition, gross retail sales have increased by 37.38% from 2010 through 2021.
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