Cost of Living in Myrtle Beach, SC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.0
100 = national avg
+4.0 vs national average
Living Wage (1 Adult)
$45,768
per year
Living Wage (Family of 4)
$108,178
per year
Cost Index by Category
Housing134.6
Food91.0
Transportation76.6
Healthcare92.8
Utilities101.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,229
per month
2 Bedroom
$1,465
per month
The overall cost of living index in Myrtle Beach is 104.0, which is 4.0% above the national average. Housing costs are above the national average at an index of 134.6. A single adult needs to earn approximately $45,768 per year to cover basic expenses.