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The local economy depends on retail, hospitality, education, and health care. The unemployment rate is 6.3%, which is higher than the national average. The median household income is $44,976 per year, which is $24,000 lower than the American average of $69,021. The economy is growing somewhat faster than the American average. Conway's predicted job growth rate for the next decade is 40.5%, compared to the national rate of 33.5%.
The industries offering the most jobs are education (13.4%), hospitality (12.1%), construction (8.1%), health care (5.7%), public administration (5.6%), food and beverage stores (3.5%), and arts, entertainment & recreation (3.2%).
The best neighborhoods with the most expensive homes are on the southeastern side of the town and closer to Myrtle Beach.
Here are the areas with the most luxurious houses:
The public school district is Horry County Schools. The school district spends $12,505 annually per student. The student-to-teacher ratio is 14 to one.
There are two private schools in Conway. They are the Bread of Life Christian Academy (3rd to 11th) and Conway Christian School (PK to 12th).
Coastal Carolina University (CCU) is a public four-year school in Conway. Seven other schools are within a 50-mile radius, including two technical trade colleges.
Conway’s municipal government consists of an elected mayor and six elected members serving on the Conway City Council. Each member serves for a staggered four-year term.
The City of Conway Parks & Recreation Department manages the public parks, street festivals, and recreational centers. The Conway Sports & Fitness Center has programs and athletics for all ages.
The median home price in Conway is $311,800, trending down 4.1% year-over-year. It is a buyer’s market with more homes listed for sale than the number of interested buyers. If you want a lower-priced property, look north and west of downtown, away from the river and the beach.
The cost of living in Conway is low. It is 2% lower than other cities in South Carolina and 8% lower than the national average for America.ach Metropolitan Area. It is an inland community and a short 15-mile drive from the beach.