Myrtle Beach, SC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
Myrtle Beach's Overall Cost Of Living
Lower Than The National Average
68 out of 99
In South Carolina
2,747 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Myrtle Beach is expensive, while a number below 100 means it's a relatively cheap place to live.

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

According to the most recent data on the cost of living, Myrtle Beach has an overall cost of living index of 97 which is 1.0x lower than the national index of 100.

Compared to only South Carolina, Myrtle Beach has a cost of living index that's 1.0x higher than South Carolina's index of 93.

The standard of living in Myrtle Beach ranks as #2,747 most affordable out of the 6,418 places we measured in South Carolina. By definition, that implies Myrtle Beach ranks as the #3,672 most expensive place in the Palmetto State.

For more reading on life in Myrtle Beach, check out:

Myrtle Beach Cost Of Living Vs. South Carolina

Living Expense Myrtle Beach South Carolina National Average
Overall 97 93 100
Services 102 98 100
Groceries 96 105 100
Health 109 95 100
Housing 90 80 100
Transportation 110 94 100
Utilities 105 105 100
For more reading on cost of living around South Carolina, check out:
Myrtle Beach Cost of Living Vs. SC

Myrtle Beach, SC Housing Cost Breakdown

Housing swings affordability the most between places in South Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Myrtle Beach South Carolina United States
Median Home Value $237,200 $170,100 $229,800
Median Rent $924 $918 $1,096
Median Income $43,378 $54,864 $64,994
Home Value To Income 5.5x 3.1x 3.5x
Rent To Monthly Income 0.26x 0.2x 0.2x

Detailed Myrtle Beach Services Costs Vs. South Carolina

Item Myrtle Beach South Carolina
Shampoo $1.07 $1.06
Movie $10.35 $10.68
Bowling $13.67 $14.67

Detailed Myrtle Beach Groceries Costs Vs. South Carolina

Item Myrtle Beach South Carolina
Ground Beef $4.32 $4.22
Fried Chicken $1.48 $1.39
Milk $2.58 $2.05

Detailed Myrtle Beach Health Costs Vs. South Carolina

Item Myrtle Beach South Carolina
Haircut $15.0 $18.62
Beauty Salon $42.5 $39.05
Toothpaste $3.23 $2.34

Detailed Myrtle Beach Transportation Costs Vs. South Carolina

Item Myrtle Beach South Carolina
Potatoes $4.3 $3.29
Pizza $8.99 $10.62
Beer $9.69 $9.38
Optometrist $116.4 $108.57
Doctor $121.67 $116.17
Dentist $120.22 $99.13

Detailed Myrtle Beach Utilities Costs Vs. South Carolina

Item Myrtle Beach South Carolina
Gasoline $2.5 $2.22
Tire Balancing $63.96 $50.07
All Electricity $180.8 $167.67
Phone $177.09 $175.64

Myrtle Beach SnackAbility

Overall SnackAbility

Cost Of Living In Cities Around Myrtle Beach

City Population Cost Of Living Vs. Myrtle Beach
Socastee, SC 25,846 98 1.0x
Conway, SC 24,747 96 1.0x
North Myrtle Beach, SC 16,684 112 1.2x
Red Hill, SC 16,290 100 1.0x
Little River, SC 9,692 99 1.0x
Murrells Inlet, SC 9,292 107 1.1x
Forestbrook, SC 7,613 98 1.0x

Articles About South Carolina

Enjoy The Snack?