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Welcome to Myrtle Beach! Latest News on New Residents

Welcome to Myrtle Beach! Latest News on New Residents

The Myrtle Beach Metropolitan area, also known as the Grand Strand, has been the 2nd fastest growing metropolitan area in the U.S. for three years and the migration to the area shows no signs of slowing down. From 2017 to 2018, over 17,000 people moved to our area, an average of about 45 people per day. In Horry County, there is a negative birth rate, meaning there have been more deaths than births, and over 90% of the population growth of the area has come from new residents migrating in from other states.

 

Good News for Businesses

The stream of new residents is good news for businesses and the real estate industry, in particular. However, other businesses benefit from the influx of new residents in the form of new customers for their services and products. As the area continues to grow in population, it bolsters the local economy with more people spending money on retail, medical, real estate, professional services and entertainment.

 

Why People are Moving Here

We all have our own reasons for loving where we live but what is attracting all of these new residents? Well, a number of things:

  • Large inventory of undeveloped land
  • Large inventory of newly built homes
  • Reasonable construction prices
  • Lower cost of living
  • Lower home prices
  • Comfortable climate with mild winters
  • Excellent place to retire
  • Tons of local entertainment, including golf, attractions, sports, shows and festivals

 

IMAGINE 2040

The population growth is expected to continue through at least 2040, thus Horry County has been working to plan ahead for the growth and use of resources in a comprehensive planning guide called IMAGINE 2040. The goal of the guide is to help community leaders anticipate the needs of the county based on the expected growth and use it to help them make decisions about how and where to use local resources to meet the demands of our growing population. The plan includes a comprehensive strategy for everything from housing to economic development, public safety, transportation, community facilities and more.

To our new neighbors, welcome to Myrtle Beach! We know you’ll love it here as much as we do. While you’re here, check out the New to Myrtle Beach page of our website for the top choices in restaurants, pest control and hair salons to name a few, along with blog posts that are especially helpful for new residents who want to dive into life like a local  https://century21broadhurst.com/new-myrtle-beach.

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