North Myrtle Beach, SC

Average · 93

South Carolina · Population 19,343 · Updated March 2026

$1,171
Median Rent / Month
$72,111
Median Income
$371,900
Median Home Value
$1,087
Owner Costs / Month

Affordability

How far your income goes in North Myrtle Beach

19.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in South Carolina

State-level tax rates that affect your costs

6.4%
Income Tax (Top Rate)
6.0%
Sales Tax
0.57%
Property Tax Rate

Estimated Annual Costs

$14,052
Annual Rent
$4,615
State Income Tax
$2,120
Property Tax (est.)

Cost of Living Overview

North Myrtle Beach offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 93 (where 100 equals the national median), North Myrtle Beach residents can expect to pay median rent of $1,171/month while earning a median household income of $72,111/year.

The median home value in North Myrtle Beach, SC is $371,900, with typical monthly owner costs around $1,087 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

South Carolina has a moderate income tax rate of 6.4%. Combined with a 6.0% sales tax rate and 0.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in North Myrtle Beach.

Frequently Asked Questions

Common questions about living costs in North Myrtle Beach

What is the cost of living in North Myrtle Beach, SC?
The cost of living index in North Myrtle Beach, SC is 93 (US average = 100). Median monthly rent is $1,171, median household income is $72,111/year, and the median home value is $371,900.
Is North Myrtle Beach, SC affordable?
Yes, North Myrtle Beach is more affordable than the national average with a cost index of 93. The rent-to-income ratio is 19.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Myrtle Beach, SC?
The median gross rent in North Myrtle Beach, SC is $1,171 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,052.
What is the median household income in North Myrtle Beach?
The median household income in North Myrtle Beach, SC is $72,111 per year. This compares to the national median of approximately $80,000.
What are the taxes like in South Carolina?
South Carolina has a top income tax rate of 6.4%, a sales tax of 6.0%, and an effective property tax rate of 0.57%.