Myrtle Beach, SC is a great city for those looking to enjoy the beach while still living on a budget. Renting an apartment in Myrtle Beach is significantly cheaper than the US average, at $1,120 compared to $1,430. Even groceries are less expensive in Myrtle Beach, with the Grocery Cost Index 97 versus 100 in the US. Local companies such as MYRTLE TRADING POST, South Strand Realty and Digital Design & Graphics offer unique services and products that make life in Myrtle Beach more enjoyable. In summary, Myrtle Beach offers all of the advantages of living at the beach without breaking your budget.
Myrtle Beach has an unemployment rate of 7.6%. The US average is 6.0%.
Myrtle Beach has seen the job market decrease by -5.1% 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 $32,691 a year. The US average is $37,638 a year.
- The Median household income of a Myrtle Beach resident is $45,701 a year. The US average is $69,021 a year.