Myrtle Beach Is the Fastest Growing City in the Nation Again, Report Says
South Carolina’s most popular tourist attraction is also the fastest growing US city for the second year in a row, according to a new national ranking.
US News and World Report place Myrtle Beach at the top of its list 2022which analyzes census and FBI data as well as measures such as quality of education, access to health care and user surveys to rank desirability.
In addition to being named the magazine’s fastest growing city, Myrtle Beach also won honors as the best place to live in the state and the 25th best neighborhood for retirees nationally.
“While best known to outsiders as a vacation spot for beachgoers and golfers, Myrtle Beach, South Carolina, is also an attractive place to live for a number of reasons,” said the magazine. “Young professionals, growing families and empty nests drawn to the area’s mild climate and beaches move in and take advantage of the area’s relatively low cost of living.”
Cities in South Florida and North Carolina dominate the list of 25 fastest growing places, but Spartanburg and Charleston are also mentioned.
As of July 1, Myrtle Beach had a population of just over 37,000, nearly 38% more than the 2010 estimate of 27,122.
Despite a pandemic that took down much of the nation’s economy for two years and reduced household incomes, demand for beachfront accommodations in Myrtle Beach hasn’t slowed.
In March, Myrtle Beach Chamber of Commerce CEO Karen Riordan said visitor spending in 2021 more than doubled from 2020 to $1.9 billion, while recovery rates accommodation had jumped 38%.
JLL, a Chicago-based real estate company that tracks the hospitality industry, said tourist-intensive areas can expect continued growth in 2022, which ripples through all sectors of their economies.
“Consumer’s insatiable appetite for experiences, travel and hospitality will fuel high levels of demand as international borders fully reopen and the resumption of business travel accelerates,” the company said in a statement. sector perspective. “Coupled with a relatively weak supply pipeline, this will allow the accommodation industry to recover sooner than expected, which will create greater investment opportunities in the sector. “