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Cost of living in Myrtle Beach, SC

Compared with New York. Change city

$2,347a month less for the typical home than in New York1,2

That's $28,159 a year, enough to cover 16 months of the mortgage in Myrtle Beach. The average commute is 11 minutes shorter each way, about 1.9 hours a week back4.

Typical home $315,000 vs $742,000. 2-bedroom rent3 $1,383 vs $1,997. See the math

By Sol Lakein.Checked October 2026.How we compare costs

Drone view of Myrtle Beach with the pier and the SkyWheel, Myrtle BeachHigh Tide Content / Unsplash
All cities
  • Beach or lakeGrand Strand, 60-mile stretch of Atlantic Ocean beach

Myrtle Beach at a glance, next to New York

5

What the median home costs each month

1,2
New York metro$4,078/mo
$742,000 typical home
Myrtle Beach$1,731/mo
$315,000 typical home

If you rent: median 2-bedroom

3
New York metro$1,997/mo
Myrtle Beach$1,383/mo
About $614 a month less in rent
Rent by apartment size in Myrtle Beach

Day-to-day costs

  • Housing costs617% cheaper than averageNew York: 49% above
  • Salary that matches $150,000 in New York6$124,786
Myrtle Beach in a paragraph

The median listed home in Myrtle Beach is $315,000 (Realtor.com, September 2026), 25% below the US median of $419,250. With 20% down at 7.32%, principal and interest come to about $1,731 a month. The median 2-bedroom rent is $1,383 a month, utilities included (Census, 2025). Everyday prices index at 93.6, where the US average is 100 (BEA, 2024). A $150,000 salary in New York buys the same as $124,786 here.

Weather

8
  • 33.6°January low
  • 87.4°July high

Home prices next to New York

1
Typical home for sale
New York metro$742,000
Myrtle Beach$315,000
58% less, a $427,000 difference
Price per square foot
New York metro$494
Myrtle Beach$227
2.2 times the space for the money

Your New York, in Myrtle Beach

We're matching Myrtle Beach's parks, museums, arenas and food halls to their New York counterparts. Until then, see how it works for Raleigh.

See how Myrtle Beach ranks for your household

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See how Myrtle Beach ranks for you

Is Myrtle Beach a good place to live?

Myrtle Beach fits families who want prices 6% below the US average and homes list 25% below the US median. Here is what you gain and what you give up.

What you gain

  • Prices 6% below the US averageEveryday prices, rent included, index at 93.6 against a US average of 100.BEA regional price parities, 2024
  • Homes list 25% below the US median$315,000 median listing against $419,250 nationally.Realtor.com via FRED, September 2026
  • Nonstop flights to New YorkFrom MYR to LGA, EWR.Airport route page, accessed November 3, 2026
  • Beach or lake accessGrand Strand, 60-mile stretch of Atlantic Ocean beachSlower Sundays city profile

More on Myrtle Beach and South Carolina

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Myrtle Beach cost of living: questions people ask

What is the cost of living in Myrtle Beach, SC?

The median listed home in Myrtle Beach is $315,000 (Realtor.com, September 2026), 25% below the US median of $419,250. With 20% down at 7.32%, principal and interest come to about $1,731 a month. The median 2-bedroom rent is $1,383 a month, utilities included (Census, 2025). Everyday prices index at 93.6, where the US average is 100 (BEA, 2024). A $150,000 salary in New York buys the same as $124,786 here.

How much would I save moving from New York to Myrtle Beach?

The median listed home is $315,000 in Myrtle Beach against $742,000 in the New York metro, 58% less. On a mortgage for each median home, that is about $2,347 a month less in principal and interest (20% down, 7.32%, Freddie Mac, October 22, 2026).

How much is rent in Myrtle Beach?

The median gross rent for a 2-bedroom in the Myrtle Beach metro is $1,383 a month, including utilities the renter pays (Census American Community Survey, 2025). In the New York metro it is $1,997, $614 more. The US median is $1,563.

What salary in Myrtle Beach matches $150,000 in New York?

$124,786. That is $150,000 adjusted by the BEA regional price parities for both metros (93.6 in Myrtle Beach, 112.6 in New York, 2024).

Does Myrtle Beach pay you to move there?

None of the relocation incentive programs we track cover Myrtle Beach as of October 2026.

What is the weather like in Myrtle Beach?

January lows average 33.6°F and July highs 87.4°F (NOAA 1991-2020 normals, Myrtle Beach (table caption names no airport)).

Notes on the numbers
  1. 1Home prices: the typical home is the median listing price, with price per square foot, from Realtor.com via FRED, September 2026. The comparison metro uses the same series and month.
  2. 2Monthly cost: Principal and interest on the median listed home with 20% down, 30-year fixed at 7.32% (Freddie Mac 30-year fixed average, week of October 22, 2026). Excludes taxes, insurance and HOA. Rate source
  3. 3Rent: Census ACS 2025 1-year, median gross rent for 2-bedroom units (rent plus utilities). Covers all renters, including long-time tenants, not only new leases. Census table
  4. 4Commute: Census ACS 2025 1-year, table S0801, mean travel time to work (one way, workers who do not work from home), 2025. Hours back assume a 5-day round trip. Census table
  5. 5At a glance: a difference within 5% counts as about the same.
  6. 6Everyday prices, housing costs and the matching salary: BEA regional price parities, 2024, US = 100.
  7. 7Flights: airport route pages, October 2026.
  8. 8Weather: NOAA 1991-2020 normals, Myrtle Beach (table caption names no airport).
Sources for this page