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    Greenville Economy

    Greenville Economy

    Located along I-85 midway between Atlanta, Georgia and Charlotte, North Carolina, Greenville is in the northwestern region of South Carolina known as Upstate. Over the past several decades, the city has drawn both residents and international companies in search of lower costs and business opportunities a short drive from larger cities. Greenville offers the appeal of a big city with small-town hospitality.

    A former “Textile Capital of the World”, Greenville’s economy has revolutionized. In the last few decades, the city set about recruiting international companies and rebuilding the downtown area that made small businesses return. Favorable wages and tax benefits have lured international companies to invest heavily in the greater Greenville area. The recent years saw larger companies joining Michelin SA and BMW AG in the area. Greenville is the North American headquarters for Michelin, Synnex, United Community Bank, AVX Corporation, NCEES, Ameco, Southern Tide, Confluence Outdoor, Concentrix, JTEKT, Cleva North America, and more.

    Greenville’s industrial base includes automotive manufacturing, financial services, health services, telecommunications, utility provider, engineering and construction services, technology solutions, gas turbine, aviation and wind energy manufacturing.

    What are the major industries in Greenville, SC

    Greenville has grown into a large and diverse metropolitan area and one of the southeast region’s premier areas for business. Over the past thirty-five years, Greenville has transformed itself from a textile town to a destination for a diverse industry base that includes corporate office, manufacturing, and warehousing/distribution operations. 

    According to Greenville Area Development Corporation, the top employers in the city are:

    COMPANYNO. OF EMPLOYEES
    Prisma Health10,000+
    Greenville County Schools10,000+
    Michelin North America5,001 – 10,000
    Bon Secours St. Francis Health System2,501 – 5,000
    Duke Energy Corp.2,501 – 5,000
    Greenville County Government2,501 – 5,000
    State of South Carolina2,501 – 5,000
    GE Power1,001 – 2,500
    Fluor Corporation1,001 – 2,500
    SYNNEX Corporation1,001 – 2,500
    TD Bank1,001 – 2,500
    Verizon Wireless1,001 – 2,500
    Sealed Air Corp. – Cryovac Division1,001 – 2,500
    USC School of Medicine, Greenville1,001 – 2,500
    Magna1,001 – 2,500
    Windstream501 – 1,000
    City of Greenville501 – 1,000
    Furman University501 – 1,000
    Bosch Rexroth Corporation501 – 1,000
    Greenville Technical College501 – 1,000
    Source: greenvilleeconomicdevelopment.com

    Cost of Living in Greenville, SC

    Greenville, SC area cost of living is generally lower than the national average. The table below shows the cost of living in Greenville compared to other similar sized cities. An index score of below 100 indicates the community is less expensive than the average of all cities throughout the U.S., while a score over 100 means the community is more expensive than the average.

    YEARGREENVILLE, SCATLANTA, GACHARLESTON, SCASHEVILLE, NCCHARLOTTE, NC
    202092.2101.199.8105.792.0
    201995.4102.496.9100.597.9
    201895.6101.8100.797.497.0
    201794.799.0104.097.096.2
    Source: greenvilleeconomicdevelopment.com

    Housing Affordability in Greenville, SC

    Median Household Income
    $50,609

    Median Home
    Value
    $288,070

    Housing Affordability Index
    92

    Percent of Adult Population with 401(k)
    15.30%

    Average
    Mortgage
    $772.07

    Median
    Rent
    $715

    Housing
    Owned
    42.10%

    Housing
    Rented
    57.90%

    Career Opportunities in Greenville, SC

    Unemployment
    Rate
    3.50%

    Total
    Businesses
    6208

    Percent of Population in the Workforce
    66.10%