North Charleston has seen tremendous growth over the past decade, driven by a strong economy and population increases. According to a study by WalletHub of America’s “Fastest Growing Cities,” North Charleston ranks 3rd in the United States and 2nd among midsized cities.
From WalletHub’s Richie Bernardo, “WalletHub identified the cities that have expanded most rapidly in socio-economic terms between 2008 and 2013. We analyzed 516 U.S. cities of varying sizes across 10 key metrics, ranging from population growth rate to unemployment rate decrease.”
Using 2008-2013 data from the US Census Bureau, the US Bureau of Labor Statistics, and the Bureau of Economic Analysis, WalletHub ranked cities based on socio-demographic landscape, as well as jobs and economic environment.
North Charleston continues to be at the epicenter of the state’s business and job development with a capable workforce and a municipal government that promotes an unmatched business friendly environment. Economic growth has led the way for increased housing opportunities, and in turn, booming population growth.”A strong economy and increasing quality of life go hand in hand, and there is no slowdown in sight for the city of North Charleston,” said Mayor Keith Summey. “We proudly promote our city as a great place to live, work, and play, and the necessary unification of each is leading our great city to heights which have never before been achieved.”
WalletHub’s study and methodology
Evolution Finance launched Wallet Hub in February 2012 as a one-stop destination for all the tools and information consumers and small business owners need to make better financial decisions and save money. Wallet Hub is leading the industry thanks to a unique combination of social features, expert insights, and a vast amount of constantly-updating information.