Your Dollar Worth More in South Carolina - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Your dollar is worth more in South Carolina

The power of $100, in our state, can actually buy you $110.25 worth.  | Source: WMBF News The power of $100, in our state, can actually buy you $110.25 worth. | Source: WMBF News
South Carolinians get more bang for their buck compared to many other states. | Source: WMBF News South Carolinians get more bang for their buck compared to many other states. | Source: WMBF News

HORRY COUNTY, SC (WMBF) - South Carolinians get more bang for their buck compared to many other states.

The power of $100, in our state, can actually buy you $110.25 worth. That value is prompting more people and businesses to call South Carolina home.

"I have sold 167 homes in the neighborhood and I'd say 98 percent of people are out of South Carolina." said Beth Crow of Crow Real Estate.

Crow is a Realtor of 26 years in Horry County. She says the majority of her clients make the move because they can't beat the savings.

"The property taxes are much lower. We pay annual here what we would pay monthly in New York," explains Mike Reynolds a local resident.

The website, TaxFoundation.org says New York is considered one of the more expensive places to live. One hundred dollars in New York only gets you $86.66 in average value.

Congressman Tom Rice is touting the new study as reason why our state is a top location for prospective employers to relocate.

Since January 2012, 11 companies have committed to Horry County as their home creating over 1,300 jobs.

WMBF News spoke with the CEO of BauschLinnemann, Mike Phillips, who recently moved their company to the Grand Stand. He said South Carolina is an industry friendly state and there was an ample about of willing workers.

According to the U.S. Department of Commerce, South Carolina has one of the fastest growing economies and more specifically, one of the fastest growing manufacturing sectors in the country.

Copyright 2014 WMBF News. All rights reserved.

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