35 replies to this topic

[sonofaque86]

CorgiMatt, on Mar 14 2008, 02:40 PM, said:

Here's the latest statistical breakdown of hourly wages earned in South Carolina's MSA's.

http://www.wltx.com/...x?storyid=59650

Here is it by wage and average income

All Occupations:

1. Spartanburg MSA.......................Employees - 119,830....Hourly AVG - $17.22.... Annual AVG - $35,820
2. Columbia MSA...........................Employees - 340,400....Hourly AVG - $16.85.....Annual AVG - $35,040
3. Greenville MSA..........................Employees - 293,750....Hourly AVG - $16.56.... Annual AVG - $34,450
4. Charleston-N. Charleston MSA....Employees - 277,960....Hourly AVG - $16.52.....Annual AVG - $34,370
5. Florence MSA............................Employees - 84,180......Hourly AVG - $15.45.....Annual AVG - $32,130
6. Anderson MSA...........................Employees - 58,260......Hourly AVG - $14.98....Annual AVG - $31,150
7. Sumter MSA..............................Employees - 37,930......Hourly AVG - $14.38....Annual AVG - $29,910
8. Myrtle Beach-Conway MSA.........Employees - 117,200....Hourly AVG - $13.73.....Annual AVG - $28,560

[Spartan]

Interesting stats. You can see the BMW influence in Spartanburg.

[krazeeboi]

^Definitely. And with the expansion that's set to take place, I could see that figure increasing.

[erm1981]

Sparkle City!

[Skyliner]

I wonder how long it will be before the majority of those BMW incomes begin residing in Spartanburg County as opposed to Greenville County.  It is sure to eventually shift as Greer and Duncan continue growing around the plant (though Duncan is still quite a distance away).

[Spartan]

As housing units continue to grow east of the county line you will probably see that shift to Spartanburg. Right now in a 10 mile circle around the plant,  there is more housing on the Greenville side of the line.

[krazeeboi]

The latest figures for metropolitan GDP (which are for the year 2006) have been out for some time now, but I thought the figures had been reported here; I guess not. Here they are:

Anderson
2006: $4.378 billion
1-yr change: 4.02%
5-yr change: 13.19%


Charleston
2006: $24.056 billion
1-yr change: 6.36%
5-yr change: 40.38%


Columbia
2006: $28.401 billion
1-yr change: 7.38%
5-yr change: 30.21%


Florence
2006: $6.535 billion
1-yr change: 4.79%
5-yr change: 19.78%


Greenville
2006: $22.939 billion
1-yr change: 3.90%
5-yr change: 13.72%


Myrtle Beach
2006: $9.064 billion
1-yr change: 8.34%
5-yr change: 42.00%


Spartanburg
2006: $9.421 billion
1-yr change: 5.38%
5-yr change: 18.56%


Sumter
2006: $2.877 billion
1-yr change: 4.35%
5-yr change: 26.68%


For comparison, here are the figures for some neighboring metros:

Atlanta
2006: $257.032 billion
1-yr change: 5.45%
5-yr change: 26.75%


Augusta
2006: $16.448 billion
1-yr change: 2.80%
5-yr change: 20.15%


Charlotte
2006: $114.147 billion
1-yr change: 9.89%
5-yr change: 41.20%


Greensboro
2006: $31.830 billion
1-yr change: 7.11%
5-yr change: 19.36%


Raleigh
2006: $47.851 billion
1-yr change: 10.39%
5-yr change: 32.40%

Source: http://www.bea.gov/regional/gdpmetro

[Spartan]

Augusta is an interesting comparison. I always equated that metro as being similar to Columbia but its remarkedly smaller, at least in terms of its economy.

Do you know if Greensboro and Raleigh include Winston-Salem and Durham, respectively?

[monsoon]

Given that this is now 3 year old data and taken at the time when the false economic boom was at it's height, it will be interesting to see the numbers now, and especially the numbers since the beginning of 4Q08.  I would expect to see some significant declines in some of these metros.

[krazeeboi]

Spartan, on Feb 26 2009, 09:15 AM, said:

Augusta is an interesting comparison. I always equated that metro as being similar to Columbia but its remarkedly smaller, at least in terms of its economy.

I thought the same thing. I knew the MSA was about 150K-200K smaller, but I didn't know that its economy was that much smaller.

Quote

Do you know if Greensboro and Raleigh include Winston-Salem and Durham, respectively?

They do not.

monsoon, on Feb 26 2009, 09:20 AM, said:

Given that this is now 3 year old data and taken at the time when the false economic boom was at it's height, it will be interesting to see the numbers now, and especially the numbers since the beginning of 4Q08.  I would expect to see some significant declines in some of these metros.

Same here. I wonder if the 2007 figures will see the tide starting to turn.

[Spartan]

I expect so. I think Myrtle and Charleston will see the largest declines.

[krazeeboi]

Obviously, the more the local economy depended on construction and (speculative) real estate, the more of a drop we'll see. Myrtle Beach will bear the brunt of that more than any other metro in the state.

It's also interesting to see how the different sectors on each local economy performed during the past few years. For instance, I was a bit surprised to see that the finance and government sectors had similar rates of growth in Columbia.

[krazeeboi]

The 2008 metropolitan GDP figures have been out for some time now, but I'm just getting around to posting them. Here they are:



And here are the percent changes from 2001-2008:

• Anderson: 20%
• Charleston: 53.5%
• Columbia: 37.9%
• Florence: 23.9%
• Greenville: 23.0%
• Myrtle Beach: 47%
• Spartanburg: 28.6%
• Sumter: 30.2%

[CorgiMatt]

I would have thought Charleston's was closer to Columbia's

[krazeeboi]

Now with Boeing coming to town, Charleston will definitely close that gap.

[krazeeboi]

The 2009 metro GDP figures are out. Looks like every metro in the state slipped a little except Columbia, which posted a very small gain.