logo
Once known as 'Dirty Myrtle,' Myrtle Beach is now the fastest-growing US metro for seniors

Once known as 'Dirty Myrtle,' Myrtle Beach is now the fastest-growing US metro for seniors

Washington Post02-07-2025
A South Carolina beach town once nicknamed 'Dirty Myrtle' because of its rowdy nightclubs and strip joints has become a magnet for retirees in a nation that continues to age.
The number of residents age 65 years and older in the Myrtle Beach metropolitan area grew by 6.3% last year, making it the fastest-growing metro area for senior citizens in the U.S., according to population estimates the U.S. Census Bureau released last week.
During the 2020s, Myrtle Beach's senior population has grown by more than 22%, also the fastest rate in the United States this decade. Senior citizens now make up more than a quarter of the around 413,000 residents in metro Myrtle Beach, which once was known for being a budget beach destination.
The community with a mile-long boardwalk and 200-foot Ferris wheel used to attract biker rallies which the city tried to end in the late 2000s because of the noise, traffic and rowdiness. But now the noisy streets have had to make room for quiet diners and pickleball courts.
The COVID-19 pandemic played a role in the area's senior boom as people in such places as Ohio and New York who had been vacationing for years in Myrtle Beach realized they could retire early or work from home anywhere, said Mark Kruea, a longtime public information officer for Myrtle Beach who is now running to be mayor.
'Many people converted that thought into action,' Kruea said. 'The climate's great, taxes are low, there's a wealth of opportunities for recreation, dining and shopping.'
The U.S. population age 65 and older rose by 3.1% last year, while the population under age 18 decreased by 0.2%. In the past two decades, seniors have increased from 12.4% to 18% of the U.S. population, while the share of children has dropped from 25% to 21.5%, according to the population estimates.
Maine, Vermont, and Florida were the only three states where older adults outnumbered children as recently as 2020. But four years later, those states were joined by Delaware, Hawaii, Montana, New Hampshire, Oregon, Pennsylvania, Rhode Island and West Virginia.
Maine last year had the oldest median age at 44.8, while Utah's was the youngest at 32.4.
The share of the U.S. population that is Hispanic reached 20% last year for the first time, helped by an annual gain of 1.9 million Hispanics mostly through migration. In pure numbers, the Hispanic population grew the most last year in the New York, Houston and Miami metro areas. When it comes to growth rates, the biggest gains were in smaller metros such as Ocala, Florida; Panama City, Florida; and St. Joseph, Missouri.
For Black residents whose growth last year was split between migration and natural increase, the biggest gains were in the Houston, New York and Dallas-Fort Worth metro areas in pure numbers. Bozeman, Montana, and Provo, Utah — metro areas with tiny Black populations to start with — were tops in growth rates.
In pure numbers, the New York, Dallas-Fort Worth and Seattle metro areas had the biggest Asian population gains, and the growth came primarily from migration. The largest growth rates were in three metro areas with small Asian populations: Farmington, New Mexico; Bismarck, North Dakota; and Burlington, North Carolina.
The non-Hispanic white population in the United States declined slightly last year, but it grew the most in the Nashville, Tennessee; New York and Charlotte, North Carolina metro areas in pure numbers. The biggest growth rates for the white population were in the Myrtle Beach; Daphne-Fairhope, Alabama; and Wilmington, North Carolina metro areas.
The decline in the white population was driven by deaths outpacing births.
___
Follow Mike Schneider on the social platform Bluesky: @mikeysid.bsky.social .
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NVDA: Top Analysts Lift Nvidia Targets Ahead of Earnings -- Can AI Boom Deliver?
NVDA: Top Analysts Lift Nvidia Targets Ahead of Earnings -- Can AI Boom Deliver?

Yahoo

time7 minutes ago

  • Yahoo

NVDA: Top Analysts Lift Nvidia Targets Ahead of Earnings -- Can AI Boom Deliver?

This article first appeared on GuruFocus. Aug 21 - Nvidia (NASDAQ:NVDA) continues to draw investor attention as analysts raise their price targets ahead of the company's second-quarter earnings report on August 27. The chipmaker's stock outlook remains supported by strong AI demand, its leadership position in the semiconductor market, and easing U.S. export restrictions. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator. Shares of NVDA edged higher on Thursday's opening. Consensus estimates call for earnings of $1.01 per share on revenue of $45.87 billion. Analysts remain confident that Nvidia will deliver another solid quarter, although expectations are high. KeyBanc analyst John Vinh increased his price target on NVDA to $215 from $190 while reiterating a Buy rating. Vinh expects strong July-quarter results but noted guidance for the October quarter could be more cautious, as forecasts likely exclude China sales pending license approvals. If those sales are included, Nvidia could generate an additional $2 billion to $3 billion from its H20 and RTX6000D chips. Susquehanna analyst Christopher Rolland also lifted his target, moving to $210 from $180 with a Buy rating. Rolland cited the strength of Nvidia's data center segment and highlighted the upcoming GB300 product line as a catalyst for double-digit revenue growth, supported by higher selling prices and expanding margins. Sign in to access your portfolio

CAVA Group, Inc. (CAVA) 'Just Costs Too Much,' Says Jim Cramer
CAVA Group, Inc. (CAVA) 'Just Costs Too Much,' Says Jim Cramer

Yahoo

time7 minutes ago

  • Yahoo

CAVA Group, Inc. (CAVA) 'Just Costs Too Much,' Says Jim Cramer

We recently published . CAVA Group, Inc. (NYSE:CAVA) is one of the stocks Jim Cramer recently discussed. CAVA Group, Inc. (NYSE:CAVA)'s shares are among the worst performers on the market as they have lost 40% year-to-date. The stock fell by 16.6% in August after the firm's second quarter earnings report saw its revenue miss estimates by $5 million, and it slashed its full-year midpoint same-store sales guidance to 5% from an earlier 7%. Cramer remarked that one reason CAVA Group, Inc. (NYSE:CAVA) is suffering because its prices are too high: '[On recent earnings] Yeah and I do think that when we look at Cava, not mentioned on the call, it's expensive. You're talking about 15 smackers versus go and get a smash burger a couple of drinks, a diet coke. Yeah but Chilli's is ten dollars. Photo by Syed Ahmad on Unsplash Later during the day, Cramer commented on CAVA Group, Inc. (NYSE:CAVA)'s pricing in detail: 'Brett Schulman, who's a very perceptive man, the CEO of CAVA said, 'We have a fluid… macroeconomic climate.' He told Restaurant Business, which is an excellent trade publication, that the macro climate was like a fog, a fog that the consumer's trying to find her way through… He goes on to say, 'I think the consumer is less firm-footed, less ebullient than they were last year… To me, it's pretty clear what's going on. CAVA and Sweetgreen have to lower their prices or give us a couple of much lower-priced dishes if they want to turn things around. For now, they're pricing themselves out of this American market. I get why they're reluctant to cut prices. What business wants to lower margins?… While we acknowledge the potential of CAVA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.

Deere (DE) Upgraded by Oppenheimer as Robotics Expansion Strengthens Growth Outlook
Deere (DE) Upgraded by Oppenheimer as Robotics Expansion Strengthens Growth Outlook

Yahoo

time7 minutes ago

  • Yahoo

Deere (DE) Upgraded by Oppenheimer as Robotics Expansion Strengthens Growth Outlook

Deere & Company (NYSE:DE) ranks among the . Following the company's fiscal third-quarter results, Oppenheimer maintained its Outperform rating on Deere & Company (NYSE:DE) and increased its price target from $560 to $566 on August 15. The change follows a 6.8% stock selloff sparked by Deere's quarterly report, which Oppenheimer described as offering investors an alluring entry position as positive signals appear in the markets of Europe and Latin America. Although the end-of-period results were characterized as 'anticipated and better-than-feared,' Oppenheimer pointed out that pessimistic comments to the report were centered on poor end-of-period results, unanticipated negative pricing in Large Agriculture, and increasing tariff expenses. With projections of modest increase led by North American harvest results, clarity on biofuels policy, and performance in used equipment merchandising, the firm maintained expectations at the higher range of the 2026 consensus. Deere & Company (NYSE:DE) is an American company that manufactures agricultural, heavy, and forestry machinery, diesel engines, heavy equipment drivetrains, and lawn care equipment. The company also provides financial services and engages in other business operations. With its AI-powered autonomous tractors, harvesters, sprayers, and other machinery, the company has began venturing into agricultural robotics. One notable instance is the company's See and Spray robots, which are used to spray herbicides and fertilizers. While we acknowledge the potential of DE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store