Is Myrtle Beach, SC expensive?
Myrtle Beach’s housing expenses are 29% lower than the national average and the utility prices are 17% higher than the national average. Transportation expenses like bus fares and gas prices are 7% lower than the national average. Myrtle Beach has grocery prices that are 4% higher than the national average. Myrtle Beach’s economy is diverse and continually growing, which contributes to the affordability of living here because there is so much job opportunity. The city’s economy is primarily driven by tourism, which creates jobs in hospitality, retail, and entertainment.Based on the FBI’s Crime Data Explorer (CDE), in 2023 alone, Myrtle Beach reportedly had a violent crime rate that was more than double the national average. With that in mind, it’s no wonder Myrtle Beach has earned the ominous nickname of Murder Beach by locals, visitors, and the online community.Myrtle Beach has its risks higher crime in some areas and natural hazards like rip currents and hurricanes but it also has strong safety measures, active policing, and secure neighborhoods. Millions visit every year without issue.
Why is Myrtle Beach so famous?
Myrtle Beach is one of the major centers of tourism in South Carolina and the United States. The city’s warm subtropical climate, miles of beaches, 86 golf courses, and 1,800 restaurants attract over 20 million visitors each year, making Myrtle Beach one of the most visited destinations in the country. A South Carolina beach town once nicknamed “Dirty Myrtle” because of its rowdy nightclubs and strip joints has become a magnet for retirees in a nation that continues to age.
Is Myrtle Beach cheaper than Charleston?
Myrtle beach is significantly more affordable, with living costs approximately 8-9% lower than charleston. The median home price in myrtle beach is $305,719, compared to $493,200 in charleston. Renting is also cheaper—$650 for a one-bedroom apartment in myrtle beach versus $930 in charleston. Plus, the lack of crowds makes december, january, and february the cheapest months to visit myrtle beach (with january offering the lowest average room rate). Off-season travelers can save even more on their beach vacation thanks to special pricing for myrtle beach winter rentals.
How much does it cost to rent in Myrtle Beach?
When you rent an apartment in Myrtle Beach, you can expect to pay about $1,374 per month for a studio, $1,350 for a one-bedroom apartment, and around $1,582 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,851 or more. The average Myrtle Beach, SC home value is $318,650, down 4.The average annual household income in Myrtle Beach was $87,503 in 2023, the most recent annual data available, according to the U. S. Census Bureau. This marked a +8. At the same time, the median income stood at $53,679, reflecting a +6.