Income & Economy in Myrtle Beach, SC
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$53,679
-27% vs national
Per Capita Income
$42,225
+14% vs national
Poverty Rate
16.9%
+24% vs national
Gini Index
0.5324
0 = perfect equality
Unemployment
4.3%
-18% vs national
SNAP Recipients
7.9%
of households
How Myrtle Beach Compares
Source: Census ACS (2023)Myrtle Beach vs Similar Cities
Source: Census ACS (2023)Compared to cities with 25,000 - 50,000 residents. Myrtle Beach is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Myrtle Beach. The median household income here is $53,679.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
4.3%
-30% vs SC avg
Labor Force
18,785
Employed
17,961
Mean Commute
16 min
How People Get to Work
Source: Census ACS (2023)Employment by Sector
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
26.5%
of adults 25+
High School Diploma+
47.5%
of adults 25+
Median Age
47.0
Work from Home
12.5%
of workers
The median household income in Myrtle Beach, SC is $53,679, which is 26.7% below the national average of $73,224. Per capita income is $42,225. The poverty rate of 16.9% is lower than the SC state average of 19.1%. The Gini index of income inequality is 0.5324, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 4.3%, compared to the state average of 6.1%. 26.5% of adults hold a bachelor's degree or higher. The average commute time is 16 minutes, with 12.5% working from home.