Economy in Myrtle Beach, South Carolina

Myrtle Beach has an unemployment rate of 7.6%. The US average is 6.0%.

Myrtle Beach has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.

Tax Rates for Myrtle Beach
- The Sales Tax Rate for Myrtle Beach is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Myrtle Beach is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Myrtle Beach
- The average income of a Myrtle Beach resident is $26,949 a year. The US average is $28,555 a year.
- The Median household income of a Myrtle Beach resident is $37,064 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

ECONOMY	Myrtle Beach, South Carolina	United States
	7.6%	6.0%
	-5.1%	-6.2%
	38.8%	33.5%
	9.0%	6.2%
	7.0%	4.6%
	$28,280	$31,177
	$39,006	$57,652
	$50,855	$70,850
POPULATION BY OCCUPATION
	0.4%	1.3%
	0.0%	0.6%
	9.1%	6.2%
	2.5%	10.4%
	2.2%	2.7%
	13.6%	11.6%
	1.6%	4.1%
	0.3%	0.9%
	0.7%	2.1%
	2.6%	4.7%
	3.9%	1.9%
	3.8%	6.7%
	0.0%	0.1%
	3.2%	4.3%
	6.5%	9.3%
	9.6%	13.8%
	3.7%	2.2%
	27.4%	7.4%
	5.5%	4.9%
	3.3%	4.8%

ECONOMY MAP

Unemployment Rate (US Avg: 6%)

Median HH Income (US Avg: $53k)

Recent Job Growth (US Avg: 1.59%)

Income Less Than $15k (US Avg: 12.55%)

Income Greater Than $200k (US Avg: 5.03%)

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Reviews for Myrtle Beach 56 Reviews

Change isn't always good - 2/7/2020
Coming from Massachusetts and New York state, I loved the weather, beach and change of lifestyle. Being an outgoing friendly person I met some nice people here along... Read More

Gabe | Murrells Inlet, SC | Reply | 1 Reply

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Yes to The Carolinas But No to Myrtle - 1/4/2019
We were looking for a new city, and Myrtle Beach had had enough press that we were curious to check it out. A 30something and 40something couple, both of us have... Read More

Samira | Wilmington, NC | Reply | 1 Reply

Pro's and Con's of living in Myrtle Beach - 11/25/2018
If I could give 4.5 instead of 5 I would because Id like to see the traffic flow better with more red lights and see more money put in to landscaping the roadways and... Read More

Melissa | Myrtle Beach, SC | Reply | 1 Reply

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ZIP CODES IN MYRTLE BEACH, SOUTH CAROLINA

29577 29568 29572

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