Charleston tech sector growth reshapes South Carolina's job market
- Over the past decade, the tech sector in Charleston, South Carolina, has outpaced the overall state economy, supporting over 143,000 jobs.
- The average wage for tech jobs in Charleston is $96,763, significantly higher than the regional average of $58,830.
- As Charleston continues to grow as a tech hub, it is expected to create 35,000 new jobs by the end of 2028, enhancing the local economy.
In recent years, Charleston, South Carolina, has become a significant hub for technology and manufacturing industries, reflecting a considerable shift from its historical economic foundations of indigo, rice, and shipping. As of 2023, the Charleston Metro area boasts an employment base exceeding 400,000, with projections indicating that an additional 35,000 jobs will be created by the end of 2028. The economic landscape is evolving, primarily driven by the tech sector, which currently supports over 143,000 jobs and generates a substantial labor income, highlighting an economic output of $51.7 billion for the South Carolina tech cluster. The average wages for tech jobs are strikingly higher, averaging $96,763, compared to the overall annual average wage of $58,830 for the region, indicating a significant demand for skilled workers in tech-related fields. Furthermore, the Charleston region's emphasis on soft skills alongside technical abilities is shaping workforce requirements, with employers increasingly prioritizing problem-solving and teamwork capabilities in their hiring processes. This evolving job market reflects the broader trends in automation and artificial intelligence, which have fundamentally altered industry requirements and job roles. Education and training programs are adapting to prepare the workforce for these changes, ensuring that workers remain relevant in a rapidly changing job landscape. The technological growth in Charleston has not only propelled job creation but also improved quality of life for residents. The strategic location and high quality of life have allowed the region to attract a broader pool of technology talent, placing Charleston among the top metropolitan areas for the number of utility patents granted per capita over the past decade. Such innovations are vital for sustaining the economic progress seen in the area, resulting in an increase of over 96 percent in patents per capita compared to previous years. With this robust growth and development, the Charleston Metro area is not just keeping pace but also leading in innovation within the tech sector. The proactive approach taken by local organizations and workforce development programs positions the region to adapt effectively to evolving market needs, fostering resilience and competitiveness in the labor market.