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The beginning words of a Post and Courier article today say rental housing has become so expensive in the Charleston area that it’s prompting people to move. It does say that the number of workforce-priced rental housing units is on the rise.
So, after Charleston-North Charleston gained 19,065 residents from 7/1/2022 to 7/1/2023, could it be that there’ll be a loss or a lot less of a gain by 7/1/2024? Or could it mean that by 4/1/2030, the metro will have continued to grow at the same pace despite losing a lot of people at the lower income levels?
Another factor to watch will be the rising cost of home insurance on the coast. Will a lot of people sell their $700,000 houses for cash to people who can afford the insurance at any cost? And where will the sellers move to?
Charleston reminds me of the DC Metro.It seems like lots of people move out because of the cost of living or changes to jobs and lots of people move in for those same reasons and rent/purchase apartments/homes...If they are moving from high cost of living areas.. it may be a wash for them as opposed to moving from a low cost of living area. If move from a low cost area, they will likely settle further inland and up 26...back to the sprawl debate.
How can a city be a best place to live if salaries don't reflect the cost of living?
Salaries are on the rise here according to reports I’ve been reading. Teachers in Charleston County, for instance, just got an $8,000 raise across the board, making their salaries the highest in the state.
A good percentage of Charleston-area jobs showing up on the state’s and the U.S. Bureau’s employment reports are of the higher-paying variety. The main problem right now is a shortage of housing units, but solutions are coming.
In the meantime, for those who can afford it now, it’s a great place to live, but U.S. News didn’t factor that concept into their formula, this year. I don’t know if I could get into the market now, at least not nearly as easily as in 2015.
Some interesting SC county population growth-(and shrinkage)-by-race numbers percentage-wise here. You can click on each county on the interactive map of SC for details on White, Black, and Hispanic percentage changes from 2022 to 2023.
The article focuses mainly on Jasper County, it being the state’s (and nation’s) county with the most White growth percentage-wise. Notable is Ridgeland’s overall growth projections.
The article’s headline: South Carolina’s White population growing fastest in US. One Lowcountry county leads the nation
A quick check shows me that in 2020 Bamberg had about 140 latinos the counties population declined by about 330 from 2020 to 2023 so a 30% growth would be 35~ people
A quick check shows me that in 2020 Bamberg had about 140 latinos the counties population declined by about 330 from 2020 to 2023 so a 30% growth would be 35~ people
Judging by my visits to Bamberg and vicinity, the presence of 35 people is noteworthy. Thanks for the math, although the change was from 2022 to 2023.
Take it away, Greenville, Columbia, etc. Yahoo Finance lists Charleston-North Charleston today as one of 10 cities not to buy a house in now due to population growth and overcrowding.
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