States › South Carolina › Myrtle Beach

Is Myrtle Beach, SC expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,53812% lower than U.S. average
💵 Families earn per year (2026)$65,135about $5,428/month · 25% lower than U.S. average
🔑 House price$388,80017% higher than U.S. average

Rent is lower than in 55% of U.S. cities. A typical house costs about 6.0 years of household income. Commutes are short, about 17.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $61,520 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other South Carolina cities?

No. Rent here is more expensive than in most of South Carolina. It is number 57 of 101 cities from cheapest to most expensive.

Myrtle Beach
$1,538
$1,229
$1,521
$1,509
$2,627

How much do households earn in Myrtle Beach?

Under $25k
20.8%
$25k–50k
22.6%
$50k–100k
29.5%
$100k–150k
11.7%
$150k+
9.4%

Share of households by yearly income. 21.1% of households earn $100,000 or more.

Rent by apartment size in Myrtle Beach

SizeMyrtle BeachU.S. average
Studio$1,069$1,338
1 bedroom$1,356$1,324
2 bedrooms$1,275$1,509
3 bedrooms$1,449$1,698
4 bedrooms$1,919$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Myrtle Beach overall?

Everyday prices in the Myrtle Beach-Conway-North Myrtle Beach metro area are 6% below the U.S. average (index 93.6, U.S. = 100).

Housing
83
Goods (food, clothes…)
96
Utilities
88
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Myrtle Beach

🏛️ Property tax$1,209a year · 0.31% of home value · U.S. $3,119
⚡ Electric bill$127a month (typical) · U.S. $156

Life in Myrtle Beach

Commute to work17.7 minU.S.: 26.4 min
College degree33.5%U.S.: 35.7%
Own their home60.5%U.S.: 65.2%
Below poverty line19%U.S.: 12.5%
Unemployment5.4%U.S.: 5.2%

What jobs pay in Myrtle Beach

JobMedian payRent / pay
Pharmacist$135,41013.6%
Physician Assistant$125,70014.7%
Nurse Practitioner$121,39015.2%
Lawyer$118,95015.5%
Civil Engineer$90,15020.5%
Operations Manager$87,26021.2%
Computer Systems Analyst$83,76022.0%
Dental Hygienist$80,90022.8%
Registered Nurse$80,64022.9%
Accountant$74,52024.8%
Police Officer$62,07029.7%
Licensed Practical Nurse$58,93031.3%
Market Research Analyst$57,84031.9%
HVAC Technician$54,23034.0%
Electrician$51,20036.0%
Plumber$48,34038.2%
Carpenter$47,75038.7%
Truck Driver$46,36039.8%
Firefighter$45,89040.2%
Medical Assistant$38,95047.4%
Nursing Assistant$36,52050.5%
Customer Service Representative$36,51050.6%
Warehouse Worker$35,53051.9%
Restaurant Cook$35,19052.4%
Retail Salesperson$29,32062.9%
Cashier$27,85066.3%
Server (Waiter/Waitress)$17,350106.4%

Is it cheaper to rent or buy in Myrtle Beach?

Renting is cheaper right now: about $1,160 a month less.

Renting
$1,538
Owning
$2,698

Owning assumes a typical $388,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,880 for the down payment.

Frequently asked questions

What is the average rent in Myrtle Beach, SC?

Renting in Myrtle Beach costs a median of about $1,538 a month in 2026, including utilities. The South Carolina median is $1,479.

How much do I need to make to live in Myrtle Beach?

To keep rent under 30% of income, you need about $61,520 a year, or $30 an hour at a full-time job.

Is Myrtle Beach cheap or expensive?

Myrtle Beach is rated OK: rent takes 28.3% of the typical household income of $65,135. It ranks 57th cheapest of 101 South Carolina cities we track.

How much are property taxes in Myrtle Beach?

The median homeowner in Myrtle Beach pays $1,209 a year in property taxes, about 0.31% of the median home value.

Is Myrtle Beach more expensive than the national average?

Overall prices in the metro area are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Myrtle Beach?

The median home value in Myrtle Beach is $388,800, about 6.0 times the typical yearly household income.

38,371 people live in Myrtle Beach. Numbers are typical (middle) values.