Cost of Living in Myrtle Beach, SC
| Cost of Living in Myrtle Beach, SC | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 11% lower | 30% lower |
| Utilities (Monthly) | 12% higher | 17% higher |
| Food | 2% higher | 4% higher |
| Healthcare | 3% higher | 4% lower |
| Transportation | 2% lower | 7% lower |
| Goods & Services | 1% higher | 0% |
The cost of living in Myrtle Beach, SC is 1% lower than the state average and 7% lower than the national average. Myrtle Beach, SC housing is 30% cheaper than the U.S average, while utilities are about 17% pricier. When it comes to basic necessities such as food and clothing, groceries are around 4% pricier in Myrtle Beach, SC than in the rest of the country, while clothing costs around 0% .
Healthcare services such as doctor check-ups and dentistry cost 4% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 0% in Myrtle Beach, SC.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Myrtle Beach is $1,649, while home prices circle around $374,233.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Myrtle Beach, energy bills cost around $290.74 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $6.15 in Myrtle Beach, a dozen eggs go for around $5.79 and a pound of potatoes circles around $5.28.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Myrtle Beach, an optometry check-up costs around $130.02, while a dentist appointment is priced $111.43 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.75 in Myrtle Beach, while getting your tires balanced will run you about $64.38.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $47.26 here. Meanwhile, a pair of women's slacks will set you back around $42.00.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Myrtle Beach, you should budget around $11.40 a month. When it comes to personal services, a haircut usually goes for $25.34, while dry cleaning costs about $15.45.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Myrtle Beach, the median household income is $53,679.