The Hottest Place to Live: Summerville, South Carolina
The Top Job-Magnet Suburb in the Country
Summerville, South Carolina, has emerged as the hottest place to live, according to Move Buddha, which named the small town the "top job-magnet suburb" in the country. The moving and storage company analyzed search data from the beginning of the year until October 2024, looking at which areas were most popular and how their job market fared.
The Town’s High Job Magnetism
The town of Summerville has a high in-to-out move ratio, with an approximate 3.76 people wanting to settle down in the town for every one person who leaves. The popularity of South Carolina real estate has contributed to an economic boom, with 5,500 construction jobs added in just a year, and 80,000 jobs in total added in the local market, according to Move Buddha.
Boomtown Growth
The report revealed a 4.2% job growth from August 2023 to August 2024 in Summerville, which has a population of just over 52,000. The experts at Move Buddha noted that the once untapped region is a growing hub for the tech industry, with the state’s lowcountry ranking fifth in the US for "high-tech industry output."
Affordable Real Estate
But even as more people flock to the Summerville suburbs, housing prices haven’t yet caught up to the demand. The average home as of September 2024 cost $380,000, according to Move Buddha, citing Zillow data. For comparison, houses in the least affordable job hub, Beverly Hills, California, cost a whopping $3,511,964 on average, with only 1.6% job growth.
Conclusion
The once small town of Summerville, South Carolina, has emerged as the top job-magnet suburb in the country. With a high in-to-out move ratio, booming job market, and affordable real estate, it’s no wonder that people are flocking to this charming town.
FAQs
Q: What makes Summerville, South Carolina, the top job-magnet suburb?
A: Summerville has a high in-to-out move ratio, with more people wanting to move to the town than leaving. It also has a booming job market, with 80,000 jobs added in the local market in just a year.
Q: What is the average cost of a home in Summerville?
A: The average home in Summerville as of September 2024 costs $380,000, according to Move Buddha, citing Zillow data.
Q: Why is Summerville a growing hub for the tech industry?
A: The state’s lowcountry ranks fifth in the US for "high-tech industry output," making Summerville an attractive location for tech companies.
Q: How does the job growth in Summerville compare to other areas?
A: The job growth in Summerville is significantly higher than the job growth in Beverly Hills, California, which has only 1.6% job growth, with average house prices of $3,511,964.
