It’s not the first time I’ve talked about the beautiful coastal city of Florence SC as it is on my list of South Carolina Best Small Cities To Live.
Remember today, we’re continuing our discussion about the cities in North Carolina and South Carolina on the Forbes’ Annual List of Best Places for Business and Careers 2013.
The research ranked 200 cities both large and small throughout the U.S. and considered 12 key metrics all related to Business and Careers:
- Past and Projected
- Business and Living Costs
- Income growth over the past five years
- College and High School educational attainment
- Projected economic growth through 2014
- Migration patterns
- Cultural and recreational opportunities
- Number of highly ranked colleges in an area
Cost of Doing Business and Educational Attainment were the two factors with the most weight in the Overall ranking.
So far in our countdown, we’ve visited:
Today is our first visit (in our countdown) to the Palmetto State of South Carolina.
There are numerous reasons to consider Florence as one of the South Carolina Best Small Cities to live, but for today, let’s focus on the business and career opportunities present. Jobs!
As I mentioned in the beginning, Florence SC ranked #167 on the list of 200 Best Small Cities throughout the country.
Coastal South Carolina Best Places To Live GuideStart Your Life In Coastal South Carolina In The Right Place
When you think about it 167 sounds like it is pretty low on the rankings but to really get a good picture, we have to keep in mind the individual ranking.
And most of all, the rankings in relation to the qualities that are most important to you for your best place to live.
The metro population of Florence SC is about 206,300 people. And, as we walk through the small city, you’ll notice a lot of great things. However, one of the most important things to consider about Florence is its history.
It was founded at the junction of three major railroads.
And what does that have to do with you? And why is that so important a consideration?
Today, that position still puts Florence as a major hub in South Carolina. Making it an important area for business, health care, and finance.
One area each city was ranked was Cost of Doing Business. It may seem obvious, but in order to attract more businesses, a business has to see the community as a viable place to operate and turn a profit. And part of the profit is the Cost of Doing Business.
Perhaps not ranking as high (or low depending upon how you want to look at it) as you might want, Florence SC was ranked at #150 out of the 200 small cities. Although depending upon what determines a best place for you, the cost of living is 7.6 percent below the national average.
That could be another reason for you to consider this as one of the South Carolina Best Small Cities to live for jobs.
Living in an area with solid job growth is important. In an area with poor economic conditions, it is hard to live the quality of life that you may desire. And, if you need a job to make sure the kids are well cared for or just to keep you busy in retirement, you want to be sure one is available. .
The annual report ranked Florence SC #128 in job growth. As mentioned previously, the city’s most important industries include financial services and health care.
The unemployment rate here is about 9 percent, lower than many areas. In 2012, the city has a job growth rate of 2.5 percent. This is, again, higher than many other cities in the U.S..
Many of those jobs are in healthcare. The area is home to the Carolinas Hospital System, McLeod Regional Medical Center, and HealthSouth.
Education is important – we all know that. The college attainment level here is 18.5 percent. This is one of the reasons Florence SC ranked #131 in education. You may also know that the Francis Marion University and Florence Darlington Technical College are located here.
Is Florence for you?
Ultimately, you have to make up your mind. Remember to be committed to Your list of qualities a best place to live must have. However, I think there’s some pretty good things that make Florence one of the South Carolina best small cities to live.
The median home price here is $126,800 and the median household income is $37,585. The net migration in the city in 2012 was 540, so there people are finding a reason to move in and making the decision it is a best place to live.
With its proximity to Route 301, Route 327, and Route 52, Florence SC is easy to get to and definitely worth exploring first hand.
And, this area is one you may want to call home even for your retirement years or if you are planning to start a new career, open a business, or doing both!
That’s all Folks…onto the next North Carolina and South Carolina Best Places For Business And Careers!
Until next week…
I’ll see You in the Carolinas
Robert Bencivenga is a professional site locator and location analyst for major corporations. Robert researches the growth of NC and SC to find the Best Places to Retire or Relocate that are still affordable.
Robert Does Not Sell Real Estate!
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