Myrtle Beach-Conway-North Myrtle Beach, SC

Myrtle Beach-Conway-North Myrtle Beach Metro Area industry wages have increased by 6.6% percent since 2001

2007-03-19T01:25:00.001-07:00

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From 2001 to 2006, average industry wages increased in the Myrtle Beach-Conway-North Myrtle Beach Metro Area by a total of 6.6%. This is less than the growth in industry wages for South Carolina and less than the growth in average industry wages for the United States.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Myrtle Beach-Conway-North Myrtle Beach Metro Area Industry Wages Lag Behind South Carolina, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:29:00.001-08:00

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The overall industry wages in Myrtle Beach-Conway-North Myrtle Beach, SC can be understood as being relatively low when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 18.9 percent lower than the state, which accounted an average of $32,813. The industry pay was less than the national industry average of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Myrtle Beach-Conway-North Myrtle Beach Five-Year Industry Employment Change

2007-02-11T14:00:00.001-08:00

The Myrtle Beach-Conway-North Myrtle Beach Metro Area: Five-Year Percentage Growth in Employment

The Warehousing and storage industry has witnessed the largest percentage of employment expansion, increasing by 492.9 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Myrtle Beach-Conway-North Myrtle Beach has grow faster than the growth seen in the industry for South Carolina, where this industry saw a gain of 13.7 percent. The Warehousing and storage industry in Myrtle Beach-Conway-North Myrtle Beach outpaced the United States, which experienced a gained 22.1 percent in this industry.

Top 5 Industries
1. Warehousing and storage (492.9 percent gain)
2. Activities related to credit intermediation (408.5 percent gain)
3. Lumber and const. supply merchant wholesalers (399.4 percent gain)
4. Other professional and technical services (155.7 percent gain)
5. Residential building construction (149.2 percent gain)

The Myrtle Beach-Conway-North Myrtle Beach Metro Area: Five-Year Percentage Decline in Employment

The Computer systems design and related services industry has lost the largest amount of employment in terms of percentage, losing 74.9 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry sector has gone through in the South Carolina, where the industry sector experienced a loss of 13 percent. The losses in the Computer systems design and related services industry in Myrtle Beach-Conway-North Myrtle Beach outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 3.1 percent in terms of employees in the Computer systems design and related services industry.

Top 5 Industries
1. Computer systems design and related services (74.9 percent decline)
2. Promoters of performing arts and sports (74.5 percent decline)
3. Printing and related support activities (52.3 percent decline)
4. Other personal services (46.1 percent decline)
5. Home furnishings stores (45.3 percent decline)

Employment for all industries has increased by 18.8 percent since the 2nd Quarter of 2001. This is greater than percent in South Carolina, which went through a gain of 3.2 percent since 2001 ( 2nd Quarter). The gains were greater than than the gain experienced overall in the US of 2.6 percent.

From the 127 4-digit NAICS industries, 34 showed an escalation in the number employed, while 91 industries reported employment loss in the period.

In the Myrtle Beach-Conway-North Myrtle Beach, SC metro area, the total number of jobs throughout all industries has increased by 16,597 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Growth in the Myrtle Beach-Conway-North Myrtle Beach Metro Area

Of the industries (4-digit NAICS) in the area, the Full-service restaurants industry has added the most employment with 3,398 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 15.4 percent of the total growth in Myrtle Beach-Conway-North Myrtle Beach.

Top 5 Industries
1. Full-service restaurants (3,398 new jobs)
2. Traveler accommodation (1,557 new jobs)
3. Residential building construction (1,400 new jobs)
4. Building equipment contractors (1,300 new jobs)
5. Other specialty trade contractors (910 new jobs)

Total Five-Year Employment Decline in the Myrtle Beach-Conway-North Myrtle Beach Metro Area

From of the area's 4-digit NAICS industries, the Department stores industry faced the greatest employment loss with a total loss of 626 jobs in that time period. The declines in the Department stores industry make up 21.4 percent of the jobs lost during the period in Myrtle Beach-Conway-North Myrtle Beach, SC.

Top 5 Industries
1. Department stores (626 jobs lost)
2. Home furnishings stores (333 jobs lost)
3. Computer systems design and related services (284 jobs lost)
4. Highway, street, and bridge construction (231 jobs lost)
5. Printing and related support activities (201 jobs lost)

Myrtle Beach-Conway-North Myrtle Beach One-Year Industry Employment Change

2007-01-24T16:55:00.000-08:00

The total number of jobs has increased by 5.5 percent since the 2nd Quarter of 2005. This is greater than growth in the State of South Carolina, which saw a gain of 2.2 percent from the 2nd Quarter of 2005. The gains in the area were greater than than the gain reported at the US level of 2 percent.

The Myrtle Beach-Conway-North Myrtle Beach Metro Area: One-Year Percentage Decline in Employment

The Business support services industry has lost the biggest percent of jobs, losing 55.7 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the South Carolina, where the industry sector experienced a loss of 3.2 percent. The losses in the Business support services industry in Myrtle Beach-Conway-North Myrtle Beach outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 2 in percent of workers in the Business support services industry.

Top 5 Industries
1. Business support services (55.7 percent decline)
2. Office administrative services (44.3 percent decline)
3. Promoters of performing arts and sports (41.8 percent decline)
4. Spectator sports (39.5 percent decline)
5. Unclassified (31.4 percent decline)

The Myrtle Beach-Conway-North Myrtle Beach Metro Area: One-Year Percentage Growth in Employment

The Chemical merchant wholesalers industry has witnessed the largest percentage of employment expansion, increasing by 427.3 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Myrtle Beach-Conway-North Myrtle Beach has grow faster than the overall industry growth seen in the State of South Carolina, where it saw a loss of 4.5 percent. The Chemical merchant wholesalers industry in Myrtle Beach-Conway-North Myrtle Beach outpaced the national average, which felt a gained 0.1 percent of the employment in this industry.

Top 5 Industries
1. Chemical merchant wholesalers (427.3 percent gain)
2. Independent artists, writers, and performers (100.0 percent gain)
3. Grocery and Related Product Wholesalers (66.1 percent gain)
4. Travel arrangement and reservation services (59.8 percent gain)
5. Bakeries and tortilla manufacturing (57.7 percent gain)

Of the 131 4-digit NAICS industries, 45 showed an escalation in the number employed, while 86 industry sectors accounting for employment declines during that time period.

In the Myrtle Beach-Conway-North Myrtle Beach, SC metro area, the entire sum of jobs in all of the industries has increased by 5,487 jobs from mid-2005 to mid-2006.

Total One-Year Employment Decline in the Myrtle Beach-Conway-North Myrtle Beach Metro Area

Given the industries in the area, the Offices of real estate agents and brokers industry has lost the most employment with a total loss of 386 jobs. The declines in the Offices of real estate agents and brokers industry make up 23.0 percent of the jobs lost during the period in Myrtle Beach-Conway-North Myrtle Beach, SC.

Top 5 Industries
1. Offices of real estate agents and brokers (386 jobs lost)
2. Business support services (192 jobs lost)
3. Unclassified (170 jobs lost)
4. Sporting goods and musical instrument stores (117 jobs lost)
5. Office administrative services (115 jobs lost)

Total One-Year Employment Growth in the Myrtle Beach-Conway-North Myrtle Beach Metro Area

Out of the 4-digit NAICS industries, the Traveler accommodation industry has added the most employment with 997 total jobs brought in during the period. The growth in the Traveler accommodation industry makes up 14.1 percent of the total growth in Myrtle Beach-Conway-North Myrtle Beach.

Top 5 Industries
1. Traveler accommodation (997 new jobs)
2. Full-service restaurants (517 new jobs)
3. Building foundation and exterior contractors (506 new jobs)
4. Building equipment contractors (489 new jobs)
5. Building finishing contractors (353 new jobs)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Myrtle Beach-Conway-North Myrtle Beach, SC

2007-01-11T17:14:00.000-08:00

Evaluated with other MSAs across the nation, the Myrtle Beach-Conway-North Myrtle Beach metro area can be understood to have a medium-low poverty rate amongst the population, with a poverty rate of 12.0 percent of the population with family incomes below the 1999 poverty level. The American Indian and Alaska Native race/ethnicity demographic category, owns the foremost rate of poverty with 30.3 percent of the 2000 population living in poverty. People that are of the age 5 years have the largest percent of population in poverty in Myrtle Beach-Conway-North Myrtle Beach, accounting 22.4 percent of the population in this age category living in poverty.

Compared to Metro Areas across the United States, the Myrtle Beach-Conway-North Myrtle Beach metro area was reported to have a medium-low household income of $42,670 (2005 Dollars). This median is 1.7 percent lower than the median in State of South Carolina of $43,386 and the income level is 15.1 percent lower than the median for the rest of the nation, which is a reported $49,133.

Black or African American headed households had a median household income that was 35.6 percent less than the total 2000 reported median, with a their median reported to be $27,476. Hispanic in Myrtle Beach-Conway-North Myrtle Beach, SC , as reported in 2000, had a median household income of $36,563, which is 14.3 percent less than the reported median household income for all households in the area. It was reported in 2000 that the Asian headed households had median household incomes of $52,859. This household income level is 23.9 percent greater than the reported median household income for all households in the area. The households that were headed by an American Indian and Alaska Native individual in Myrtle Beach-Conway-North Myrtle Beach had a median household income level of $36,105, this was 15.4 percent less than the median income level in this area. In Myrtle Beach-Conway-North Myrtle Beach, SC White headed households reported a median household income (2005 Dollars) of $45,451 as reported by the Decennial Census of 2000, which was 6.5 percent greater than the median in 2000.

As the median income level saw a decline from 2000 to 2005 in the Myrtle Beach-Conway-North Myrtle Beach, SC metro area, the Race/Ethnicity group that experienced the largest decline in the household income level was the Hispanic category. This group felt a decline of 25.6 percent since 2000. The Asian Race/Ethnicity category has been least effected by the income level decline in Myrtle Beach-Conway-North Myrtle Beach, encountering a 3.7 percent increase in median income, since the values reporting the 2000 Decennial Census.

The household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $38,789, representing a 9.1 percent decline. The Myrtle Beach-Conway-North Myrtle Beach, SC MSA, when analyzing percentage of decline, ranks 5 of 6 metro area in percent of decline for median household income in the State of South Carolina. Myrtle Beach-Conway-North Myrtle Beach ranks 101 of 233 metro area when analyzing the decline in median household income in the United States.

The poverty rate in the Myrtle Beach-Conway-North Myrtle Beach, SC Metro has increased by 3.7 percent since the amount published in 2000, moving from 12 percent to 15.7 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Myrtle Beach-Conway-North Myrtle Beach, SC Metro Area

2006-12-19T21:11:00.000-08:00

In 2005, the American Community Survey reported that in the Myrtle Beach-Conway-North Myrtle Beach, SC Metro Area, the largest educational attainment category for men is the High School Diploma category, with 34.2 percent obtaining this level of education. The women in the Myrtle Beach-Conway-North Myrtle Beach metro area have attainment on average a lower level of higher education (Bachelors or Higher) than men -- 22 percent (Men) versus 18.4 percent (Women). The most common level of education for women in the area is Some College or Associates Degree category, with 33.6 percent of the women population in the area achieving this level of education.

Myrtle Beach-Conway-North Myrtle Beach, SC Metro Area has a moderately-educated population, with 20.2 percent of the population (+25) having received a BA or higher, as reported in American Community Survey of 2005. The Myrtle Beach-Conway-North Myrtle Beach MSA has a lower percent of population with high education level than the State of South Carolina's proportion of 23 percent and a lower percent than the average across the nation of 27.2 percent.

In the Myrtle Beach-Conway-North Myrtle Beach, SC Metro Area as reported in the American Community Survey of the year 2005, 22 percent of the White Alone, 10.4 percent of Black or African American, . percent of the Asian alone and 4.6 percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

From 2000, the Myrtle Beach-Conway-North Myrtle Beach metro area has increased in the percent of the population that is over the age of 25 with a BA or Higher. This population cohort has grown by 1.4 percent to a total of 20.2 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is less than the State of South Carolina percent of 23 and less than the US percent of 27.2.

From 2000 to 2005, the percent of the male population that can be considered highly educated has increased by 2.0 percent. In the year 2005, 22 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 1.0 percent. By the year 2005, a total of 18.4 percent of the total female population achieved this high level of education.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Myrtle Beach-Conway-North Myrtle Beach, SC

2006-12-03T04:35:00.000-08:00

The Myrtle Beach-Conway-North Myrtle Beach metropolitan statistical area (MSA) has a population that is comprised of 79.5 percent White, 14.8 percent African American, 0.8 percent Asian, and 3.6 percent Hispanic. The area population base can be described as having a high level of diversity, with 19.2 percent of minorities in the 2005 population base. This is less than the State of South Carolina percent of 33.4. Since 2000, Myrtle Beach-Conway-North Myrtle Beach has increased the level of diversity when 18.7 percent of the people were minorities.

The Myrtle Beach-Conway-North Myrtle Beach metro area had a population that was estimated at 226,992 in 2005. The estimated population has increased sharply, since the 2000 total population of 198,048. This growth shows an increase of 14.6 percent. Myrtle Beach-Conway-North Myrtle Beach ranks 4 of 8 MSAs by growth in total population in South Carolina and the metro area ranks 87 of 361 metro areas when analyzing total MSA population change across the nation.

By measuring total land area, the Myrtle Beach-Conway-North Myrtle Beach metro area extends a total area of 1134 square miles. The MSA has a medium-low density of 200 persons per square mile. Other metro areas with similar densities in the US include: -- more densely populated -- Auburn-Opelika (202 per sq. mile ), Binghamton (203 per sq. mile ), Tyler (205 per sq. mile ), -- less densely populated -- Lincoln (199 per sq. mile ), Jacksonville (199 per sq. mile ), Gainesville (196 per sq. mile ).

Estimated since the year 2000, a medium-high amount of people migrated into the Myrtle Beach-Conway-North Myrtle Beach metro area, with 2,249 people migrating in internationally. The international migration into Myrtle Beach-Conway-North Myrtle Beach makes up 6.2 percent of the total migration into the State of South Carolina. This amount of international migration is medium-high when compared to international migration per 2005 population.

The Census Bureau estimates in 2005 the median age in the Myrtle Beach-Conway-North Myrtle Beach metro area to be 38.8 years old. The median in Myrtle Beach-Conway-North Myrtle Beach is greater than the median age in the State of South Carolina of 37.1. Since the year 2000, the area has witnessed an increase in the median, when the median age was 38.3 years old. With a total of 12.7 percent of the 2005 population being comprised of individuals under the age of 18, Myrtle Beach-Conway-North Myrtle Beach can be understood as being made up of a relatively high percent of people under 18. The 18 to 64 years old population group has a medium-low presence of the 2005 population base, with 60.5 percent of the population makes up this age category. The retirement (65 and over) age group comprises 12.2 percent of the total population in the area. Compared to other metro areas in the US, this represents a medium-low proportion of the area population base.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Myrtle Beach-Conway-North Myrtle Beach

2006-11-11T21:36:00.000-08:00

The residential home values in Myrtle Beach-Conway-North Myrtle Beach, South Carolina have experienced moderate increases from the housing values in 2000. The residential values have increased by $15,400, or 12.9 percent, since 2000 when their medians were reported to be $119,700.

Myrtle Beach-Conway-North Myrtle Beach recorded a median home value in 2005 of $135,100, reported by the American Community Survey. This is greater than the State of South Carolina 2005 home median value of $113,100 and less than median home value of $167,500 across the nation during that year.

In Myrtle Beach-Conway-North Myrtle Beach, the census reported 147,207 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding in all 19,177 homes since 2001, or 15 percent.

There seems to be a fair amount of housing that is affordable in Myrtle Beach-Conway-North Myrtle Beach, South Carolina. In 2005, 45 percent of the homes were valued under $125,000.

Throughout the State of South Carolina, Myrtle Beach-Conway-North Myrtle Beach stands 1 of the 8 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 15 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Myrtle Beach-Conway-North Myrtle Beach may be described as having a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reported that 4.2 percent of owner-occupied dwellings were valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for Myrtle Beach, South Carolina -- Annual 2005 Industry Summary

2006-11-05T01:29:00.000-08:00

In Myrtle Beach, Arts, entertainment, and recreation, Accommodation and food services and Real estate and rental and leasing are the three industries with the highest location quotients. The Arts, entertainment, and recreation sector has a United State LQ of 3.23. The percent of employment in the Arts, entertainment, and recreation industry is 3.23 times the percent of the national average, This signifies that Myrtle Beach specializes in Arts, entertainment, and recreation.

Utilities has a largest number of employees per establishment in Myrtle Beach Metro Area. The industry averages 35 workers per each place of employment, being greater than the industry's national average of 34 and less than the State of South Carolina average of 50 for the Utilities industry.

In Myrtle Beach, Accommodation and food services, Retail Trade, and the Construction sectors, in terms of total employment, are the largest. Accommodation and food services is the largest employment industry and makes up 26.5 percent of the total MSA employment. This totals 25,548 individuals. The Retail Trade and Construction sectors provide 18.9 and 10.4 percent of total employment, respectively.

Management of companies and enterprises saw the biggest increase in jobs since the year 2001 in Myrtle Beach, moving a total of 102.9 percent. This is greater than the rate of employment change across the nation of 1.6 percent. The State of South Carolina encountered a change in industry employment of 8.8 percent, in the period of time since 2001.

Manufacturing since the year 2001 was faced with the largest loss in employment in the Myrtle Beach MSA. The sector faced a loss of 1,464 total jobs during the period, accounting for 26.1 percent of jobs in the industry. The losses in this industry made up 57.3 percent of all Metro Area employment losses since 2001.

An industry with high wages in Myrtle Beach is the finance and insurance sector with an annual pay of $42,517. Throughout the MSA since the year 2001, the industry annual average pay has grown by 17 percent or $6,182. The State of South Carolina reflects a similar economic condition in the finance and insurance industry, falling near the top of sectors by 2004 industry pay.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).