Skyline of Myrtle Beach
Cost of Living: 96.5 37,100

Myrtle Beach, SC, US

Golf capital with 60 miles of beaches, tourism, and affordable coastal living.

Updated August 11, 2026
Cost of Living 96.5

Below Average vs US Avg (100)

Housing Index 88.5

Affordable

Median Income $42,000

Household income

Unemployment 3.5%

Job market health

Myrtle Beach vs US Average

Cost of Living
Myrtle Beach: 96.5
US Avg: 100
Housing Index
Myrtle Beach: 88.5
US Avg: 100
State Income Tax
Myrtle Beach: 6.5%
US Avg: ~5%

Taxes

  • State Income Tax: 6.5%
  • Sales Tax: 9.0%

Economy & Jobs

  • Median Income: $42,000
  • Unemployment: 3.5%
  • Population: 37,100

Climate

  • Sunny Days: 218/year
  • Summer High: 88°F
  • Winter Low: 38°F
  • Farming Zone: USDA Zone 6a

Housing

  • Median Home: $250,000
  • 1BR Rent: $1200/mo

Cost of Living

Myrtle Beach's cost of living index is 96.5 (US average = 100).

CategoryMyrtle BeachNational AverageDifference
Overall96.5100-3.5%
Housing88.5100-11.5%

Data source: Council for Community and Economic Research (C2ER), 2026

Housing Market

MetricValue
Median Home Price$250,000
Median Rent (1BR)$1200/mo
Median Rent (2BR)$1,500/mo
Price per Sq Ft$166

Data source: Zillow Research, 2026

True Cost of Home Ownership

True Cost of Home Ownership

See what you'll really pay over 30 years

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$90,000 down
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Utilities

Estimated monthly utility costs for a typical household in Myrtle Beach:

UtilityEstimated Monthly CostNotes
Electricity$110Based on ~900 kWh/month typical US household usage
Heating & Cooling$46Estimated based on local climate. Gas or electric
Cooling (AC)$5Estimated based on local climate and electricity rates
Water$50Includes sewer
Internet (100+ Mbps)$65Broadband average
Garbage / Trash$30Private service
Total Utilities$306Monthly estimate (including heating & cooling)

Data sources: U.S. Energy Information Administration (EIA) 2024, EPA/AWWA water rate surveys, BroadbandNow

Remote Work Score

Myrtle Beach scores —/100 for remote work readiness:

Cost of Living
96.5
Rent
$1200
Sunny Days
218
Tax
6.5%
Unemployment
3.5%
Climate
88°F / 38°F
Safety
12.2 homicides/100k
Population
37,100
Internet Speed
200 Mbps

Climate

Myrtle Beach has a varied climate with distinct seasons.

MonthAvg HighAvg LowRainfall
January58°F38°F2.5"
April73°F53°F2.8"
July88°F63°F1.5"
October68°F56°F2.2"
USDA Zone 6a

Cool to mild — apples, pears, berries, many vegetables

Natural Hazards

Myrtle Beach faces the following natural hazards:

Hurricane High Risk

Coastal city affected by hurricanes.

Flood High Risk

Coastal flooding.

Heat Wave High Risk

Summer heat waves.

Tornado Moderate Risk

Tornado risk.

Earthquake Moderate Risk

Charleston area with historical earthquake risk.

Wildfire Moderate Risk

Wildfire risk in forested areas.

Drought Moderate Risk

Periodic drought conditions.

Based on historical records and geographic risk assessment.

Taxes

  • State Income Tax: 6.5%
  • Sales Tax: 9%
  • Property Tax: ~0.48% of assessed value

Economy & Jobs

Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 3.5%.

Crime & Safety

Crime rates in Myrtle Beach per 100,000 residents:

1,111.6
Violent Crime
5,655.5
Property Crime
12.2
Homicide

Data source: FBI Uniform Crime Reporting

Schools & Education

100/100
School Quality Score
?
27
Total Schools

Data source: National Center for Education Statistics (NCES)

Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.

Frequently Asked Questions

What is the cost of living in Myrtle Beach, SC, US?

The cost of living index in Myrtle Beach is 96.5, which is Lower the US national average of 100.

How much does it cost to buy a home in Myrtle Beach?

The median home price in Myrtle Beach is $250,000. The housing index is 88.5.

What is the average rent for a 1-bedroom apartment?

The average rent for a 1-bedroom apartment in Myrtle Beach is approximately $1200/mo.

Does Myrtle Beach, SC have income tax?

Myrtle Beach is in SC, which has an income tax rate of 6.5%.

What is the climate like in Myrtle Beach?

Myrtle Beach enjoys approximately 218 sunny days per year. Summer highs reach around 88°F, while winter lows can drop to around 38°F.

Data Sources

  • Cost of Living: Council for Community and Economic Research (C2ER), 2026
  • Housing Data: Zillow Research, 2026
  • Income & Employment: US Census Bureau American Community Survey, 2024
  • Utilities U.S. Energy Information Administration (EIA) 2024, EPA/AWWA water rate surveys, BroadbandNow

Data last updated: August 12, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.