Cost of Living in Myrtle Beach, SC
2024 data from the Bureau of Economic Analysis
Cost Index
93.6
6.4% below avg
Housing Index
83.1
Median Income
$63,296
Median Rent
$1,138/mo
Cost Breakdown
Overall93.6 (-6.4%)
Housing83.1 (-16.9%)
Goods96.3 (-3.7%)
Utilities88.0 (-12.0%)
Other Services98.3 (-1.7%)
National average = 100
Income & Housing
Median Household Income
$63,296/year
Median Home Value
$247,600
Median Monthly Rent
$1,138/mo
Per Capita Income
$36,432/year
Compare Myrtle Beach, SC With
Myrtle Beach, SC vs Columbia, SCMyrtle Beach, SC vs Roanoke, VAMyrtle Beach, SC vs Janesville, WIMyrtle Beach, SC vs Scranton, PAMyrtle Beach, SC vs Bloomington, ILMyrtle Beach, SC vs Billings, MTMyrtle Beach, SC vs Sherman, TXMyrtle Beach, SC vs Warner Robins, GAMyrtle Beach, SC vs Monroe, MIMyrtle Beach, SC vs Homosassa Springs, FL
Frequently Asked Questions
Is Myrtle Beach, SC expensive to live in?
Myrtle Beach, SC has a cost of living index of 93.6, which is 6.4% below the national average.
How much does housing cost in Myrtle Beach, SC?
Housing costs in Myrtle Beach, SC are indexed at 83.1 compared to the national average of 100. The median monthly rent is $1,138.
What is the average income in Myrtle Beach, SC?
The median household income in Myrtle Beach, SC is $63,296 per year.
What is the average home price in Myrtle Beach, SC?
The median home value in Myrtle Beach, SC is $247,600.