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South Carolina Named Top Growth State of 2024

News Summary

South Carolina has been recognized as the number one growth state for 2024, surpassing Texas. With a cost of living 7% below the national average and a variety of outdoor activities, the state has become a popular destination for new residents. Business growth in sectors like manufacturing, tech, and healthcare is contributing to this upward trend, along with a population increase driven by new arrivals from Northeastern states. The future looks bright as South Carolina continues to attract individuals seeking a vibrant and affordable lifestyle.

South Carolina Takes the Crown as the Top Growth State of 2024

Hey there, folks! Big news coming out of the Palmetto State! South Carolina has officially been named the number one growth state for 2024 according to a new report by U-Haul, marking a major milestone. This year is particularly special for South Carolina as it is the first time the state has achieved this ranking, climbing up three spots from last year.

Texas, Beware! South Carolina’s on the Rise

For the past three years, Texas held onto the top spot for growth, but that’s no longer the case. South Carolina has bulldozed its way into the forefront, proving that it can be a contender in the state’s growth game. With a cost of living that’s about 7% below the national average, it’s becoming clear why people are flocking to this charming state.

Outdoor Adventures Await!

If sunshine and recreational fun are your jam, South Carolina’s got your back! The state boasts a mild climate that allows for outdoor activities throughout the entire year. Whether it’s teeing off at one of the many golf courses, hiking the breathtaking Blue Ridge Mountains, or lounging on the beautiful beaches, there is something for everyone to enjoy.

The Numbers Don’t Lie

2%. This means that South Carolina had the largest net gain of one-way U-Haul movers in the entire U.S. last year, with arrivers making up an impressive 51.7% of all U-Haul traffic in and out of the state.

A Thriving Business Landscape

7% over the last five years!

New Residents are Joining the Fun

1.65% increase in the state’s population. With a move-in-to-move-out ratio standing strong at 2.05, it’s clear that people are choosing to settle down in this lovely state. The top states that residents are relocating from include New York, North Carolina, and New Jersey.

More Than Just a Number

10th smallest state in terms of land area. Over the last few years, the overall population has increased by an impressive 90,000 people annually, contributing to projections suggesting that by 2042, the population could reach around 6.4 million residents!

A Younger Nation?

38.8 years old. Projections indicate that, within the next decade, there will be more residents aged 64 and older than those under 18. This demographic shift is largely driven by retirees moving into the warmer climate.

Keep an Eye on the Future

third-fastest-growing county in the U.S. with nearly a 6% rise in just one year!

So, there you have it! South Carolina is not just a charming place to visit; it’s becoming a fantastic place to live, work, and play. With its affordable living, thriving job market, and endless outdoor activities, it’s no surprise people are choosing to call South Carolina home. Whether you’re a retiree seeking sunshine or a young professional on the rise, this state has something for you!