Cost of Living in Myrtle Beach, SC
Population: 37,214 • 2026 Data
$53,679
Median Household Income
-31% vs national
$1,132
Median Monthly Rent
-16% vs national
$347,700
Median Home Value
+3% vs national
4.3%
Unemployment Rate
Housing in Myrtle Beach
The median home value in Myrtle Beach, SC is $347,700. Monthly rent for a typical unit averages $1,132, while total monthly housing costs (including utilities and insurance) average $1,073.
Rent-to-income ratio: 25.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Myrtle Beach, SC is $53,679. The unemployment rate stands at 4.3%, with a labor force of 18,785 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.