Living in Myrtle Beach, South Carolina
Cost of living, income, home prices, rent and demographics of Myrtle Beach · Census data 2020–2024
Myrtle Beach has 38,371 residents with a median age of 47.3. The median household income is $60,394 (13% lower than the South Carolina median), the median home value is $388,800, the median rent is $1,261/month.
Myrtle Beach at a glance
- Population
- 38,371
- Median age
- 47.3State: 40.2
- Median household income
- $60,394State: $69,324
- Median home value
- $388,800State: $259,000
- Median rent
- $1,261/moState: $1,180
- Homeowners
- 60.5%
- Bachelor's degree or higher
- 33.5%
- Average commute
- 18 min
Is Myrtle Beach a good place to live?
Pros: An average commute of 18 minutes.
Cons: Median household income 13% lower than the South Carolina median; home values 50% higher than the state median; unemployment of 5.4%; a poverty rate of 19%.
The weather is best in April–May and September–October.
Cost of living in Myrtle Beach
Housing is the biggest part of the cost of living. In Myrtle Beach the median home value is $388,800, 17% higher than the U.S. median. Renters pay a median of $1,261 per month, which is 36.1% of household income. Homeowners with a mortgage pay $1,707 a month in housing costs.
Myrtle Beach median household income
The median household income in Myrtle Beach is $60,394 and the income per person is $42,969. 19% of residents live below the poverty line (South Carolina: 14.1%).
Housing in Myrtle Beach: homes for sale and rent
- Housing units
- 24,419
- Owner-occupied
- 60.5%
- Renter-occupied
- 39.5%
- Vacant
- 27.8%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.17
Myrtle Beach demographics
- Population
- 38,371
- Median age
- 47.3
- Under 18
- 16.2%
- 65 and older
- 23.7%
- Households
- 17,623
- Foreign-born
- 10.8%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Myrtle Beach ›
Education in Myrtle Beach
33.5% of adults 25 and older in Myrtle Beach have a bachelor's degree or higher (South Carolina: 32.1%), and 12.1% have a graduate or professional degree.
Jobs and commute in Myrtle Beach
- Unemployment rate
- 5.4%State: 4.9%
- Average commute
- 18 minState: 26 min
- Work from home
- 14.3%
- Drive alone
- 70%
- Public transit
- 1.3%
- Walk to work
- 2%
- Homes with broadband
- 92.7%
Myrtle Beach vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Myrtle Beach | 38,371 | $60,394 | $388,800 | $1,261 |
| Carolina Forest | 26,263 | $74,436 | $336,800 | $1,668 |
| Forestbrook | 7,479 | $81,286 | $335,800 | $814 |
| Socastee | 23,796 | $62,257 | $234,200 | $1,246 |
| Surfside Beach | 4,270 | $70,106 | $450,100 | $1,274 |
| Red Hill | 15,920 | $68,250 | $249,500 | $1,179 |
| Briarcliffe Acres | 448 | $156,250 | $760,600 | — |
| Garden City | 11,591 | $47,249 | $217,400 | $1,472 |
| Atlantic Beach | 237 | $33,500 | $385,000 | $1,083 |
More for people moving to Myrtle Beach
Myrtle Beach ZIP code ›Weather and climate ›Living in Myrtle Beach: FAQ
What is the median household income in Myrtle Beach, SC?
The median household income in Myrtle Beach is $60,394, 13% lower than the South Carolina median of $69,324 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Myrtle Beach?
The median home value in Myrtle Beach is $388,800, compared with $259,000 in South Carolina.
How much is rent in Myrtle Beach?
The median gross rent in Myrtle Beach is $1,261 per month, about 36.1% of household income.
Is Myrtle Beach, SC a good place to live?
Pluses: an average commute of 18 minutes. Minuses: median household income 13% lower than the South Carolina median; home values 50% higher than the state median; unemployment of 5.4%; a poverty rate of 19%.
What is the median age in Myrtle Beach?
The median age in Myrtle Beach is 47.3 years (South Carolina: 40.2).
How long is the commute in Myrtle Beach?
The average commute to work in Myrtle Beach is 18 minutes; 14.3% of workers work from home.
What is the unemployment rate in Myrtle Beach?
The unemployment rate in Myrtle Beach is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Myrtle Beach?
33.5% of adults in Myrtle Beach have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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