Zip 29572 (Myrtle Beach, SC) Economy


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Myrtle Beach, SC 29572 is a popular tourist destination with an array of activities and attractions. The average two bedroom rent in the area is $1,120, which is lower than the national average of $1,430 for two bedrooms. Additionally, the grocery cost index in Myrtle Beach is 99 compared to 100 nationally. Popular local attractions include Broadway at the Beach, Family Kingdom Amusement Park and Ripley's Aquarium. Shopping opportunities are present at Tanger Outlets and Coastal Grand Mall. Popular local restaurants include Oceanfront Bar & Grill and Driftwood Restaurant. With so much to do and see, Myrtle Beach has something for everyone.

Myrtle Beach (zip 29572) has an unemployment rate of 7.6%. The US average is 6.0%.

Myrtle Beach (zip 29572) 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 (zip 29572)
- The Sales Tax Rate for Myrtle Beach (zip 29572) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Myrtle Beach (zip 29572) 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 (zip 29572)
- The average income of a Myrtle Beach (zip 29572) resident is $45,315 a year. The US average is $28,555 a year.
- The Median household income of a Myrtle Beach (zip 29572) resident is $60,747 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMyrtle Beach, South CarolinaUnited States
  7.66
  -5.1%-6.2%
  38.8%33.5%
  9.0%6.2%
  7.0%4.6%
  $52,400$37,638
  $60,747$69,021
  $84,496$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  7.4%6.8%
  6.2%10.0%
  2.8%2.5%
  10.0%11.0%
  4.0%4.8%
  0.0%0.8%
  0.8%1.9%
  2.6%4.7%
  9.7%1.9%
  6.5%7.6%
  0.0%0.1%
  2.5%4.2%
  4.5%9.3%
  7.4%14.0%
  2.6%2.1%
  20.6%7.0%
  10.1%4.8%
  1.1%4.7%
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