North Myrtle Beach, SC Cost Of Living
Cost Of Living In North Myrtle Beach, SC Summary
Cost of living in North Myrtle Beach research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means North Myrtle Beach is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in North Myrtle Beach is 112, with 100 being the average.
The cost of living index in North Myrtle Beach is 1.1x higher than the national average.
North Myrtle Beach ranks as the #91 cheapest in South Carolina out of 99.
North Myrtle Beach ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in North Myrtle Beach is $293,500.
The median income in North Myrtle Beach is $64,417.
Table Of Contents
North Myrtle Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Myrtle Beach, SC?
According to the most recent data on the cost of living, North Myrtle Beach has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to South Carolina, North Myrtle Beach has a cost of living index that's 1.2x higher than South Carolina's index of 96.
The standard of living in North Myrtle Beach ranks as #91 most affordable out of the 99 places we measured in South Carolina. By definition, that implies North Myrtle Beach ranks as the #8 most expensive place in the Palmetto State.
For more reading on life in North Myrtle Beach, check out:
- Living In North Myrtle Beach
- North Myrtle Beach Crime Report
- Search Homes For Sale In North Myrtle Beach, SC
In South Carolina
In America
North Myrtle Beach Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in North Myrtle Beach. Here is how it fairs on each of the criteria:
The Services index in North Myrtle Beach is 101.
The Groceries index in North Myrtle Beach is 97.
The Health index in North Myrtle Beach is 107.
The Housing index in North Myrtle Beach is 126.
The Transportation index in North Myrtle Beach is 107.
The Utilities index in North Myrtle Beach is 104.
| Living Expense | North Myrtle Beach | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 112 | 96 | 100 | |
| Services | 101 | 99 | 100 | |
| Groceries | 97 | 100 | 100 | |
| Health | 107 | 96 | 100 | |
| Housing | 126 | 89 | 100 | |
| Transportation | 107 | 90 | 100 | |
| Utilities | 104 | 107 | 100 | |
North Myrtle Beach, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in North Myrtle Beach is $293,500.
The Median Rent in North Myrtle Beach is $1,120.
The Median Income in North Myrtle Beach is $64,417.
The Home Value To Income in North Myrtle Beach is 4.6x.
The Rent To Monthly Income in North Myrtle Beach is 0.21x.
| Statistic | North Myrtle Beach | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $293,500 | $181,800 | $244,900 |
| Median Rent | $1,120 | $970 | $1,163 |
| Median Income | $64,417 | $58,234 | $69,021 |
| Home Value To Income | 4.6x | 3.1x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
North Myrtle Beach, SC Costs By Category
Detailed North Myrtle Beach Services Costs Vs. South Carolina
| Item | North Myrtle Beach | South Carolina |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $10.35 | $10.68 |
| Bowling | $13.67 | $14.67 |
| Haircut | $15.0 | $18.62 |
| Beauty Salon | $42.5 | $39.05 |
Detailed North Myrtle Beach Groceries Costs Vs. South Carolina
| Item | North Myrtle Beach | South Carolina |
|---|---|---|
| Ground Beef | $4.32 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.3 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $9.69 | $9.38 |
| Toothpaste | $3.23 | $2.34 |
Detailed North Myrtle Beach Health Costs Vs. South Carolina
| Item | North Myrtle Beach | South Carolina |
|---|---|---|
| Optometrist | $116.4 | $108.57 |
| Doctor | $121.67 | $116.17 |
| Dentist | $120.22 | $99.13 |
Detailed North Myrtle Beach Transportation Costs Vs. South Carolina
| Item | North Myrtle Beach | South Carolina |
|---|---|---|
| Gasoline | $2.5 | $2.22 |
| Tire Balancing | $63.96 | $50.07 |
Detailed North Myrtle Beach Utilities Costs Vs. South Carolina
| Item | North Myrtle Beach | South Carolina |
|---|---|---|
| All Electricity | $180.8 | $167.67 |
| Phone | $177.09 | $175.64 |
North Myrtle Beach SnackAbility
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Cost Of Living In Cities Around North Myrtle Beach
The cost of living varies in the cities and towns around North Myrtle Beach. Here's a quick look at the cost of living in the most populous nearby places:
Myrtle Beach, SC has a cost of living index of 97, 0.9x North Myrtle Beach.
Socastee, SC has a cost of living index of 98, 0.9x North Myrtle Beach.
Conway, SC has a cost of living index of 96, 0.9x North Myrtle Beach.
| City | Population | Cost Of Living | Vs. North Myrtle Beach |
|---|---|---|---|
| Myrtle Beach, SC | 35,116 | 97 | 0.9x |
| Socastee, SC | 24,657 | 98 | 0.9x |
| Conway, SC | 22,001 | 96 | 0.9x |
| Red Hill, SC | 16,060 | 100 | 0.9x |
| Little River, SC | 9,929 | 99 | 0.9x |
| Forestbrook, SC | 7,256 | 98 | 0.9x |
