C-

Myrtle Beach, SC

Source:

Affordability Score: 53/100

Population: 119,080 · 5 ZIP codes

The affordability dashboard for Myrtle Beach, SC aggregates Census ACS 5-Year Estimates across 5 ZIP codes covering 119,080 residents, then layers in county-level federal data to produce an overall grade of C- (53/100). The headline inputs are median household income of $69,714, median home value of $313,749, median rent of $1,364 per month, and 32.0% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,465 per month (studio $1,145, 1BR $1,229, 3BR $1,805, 4BR $2,111). Department of Labor data lists infant center-based childcare at $10,344 per year, consuming 15% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Pressure points are housing. Unemployment currently reads 4.5% and poverty 12.6% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C
$69,714
Median household income
Education C-
32.0%
Bachelor's degree or higher
Housing F
4.5x
Home value $313,749 vs income
Commute B
21 min
Average commute time
Rent C+
$1,465/mo
2BR fair market rent (25% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C-
$10,344/yr
Center-based infant care (15% of income)

Income & Employment

Median Income
$69,714
▲ 12% vs national
Per Capita Income
$40,908
Unemployment Rate
4.5%
Poverty Rate
12.6%

Housing

Median Home Value
$313,749
▲ 14% vs national
Median Rent
$1,364/mo
Owner Occupied
73.3%
2BR Fair Market Rent
$1,465/mo
▲ 22% vs national

Fair Market Rents by Bedroom

Studio
$1,145
1BR
$1,229
2BR
$1,465
3BR
$1,805
4BR
$2,111

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
32.0%
▲ 2 ppt vs national
High School+
61.1%
Median Age
46.8
Avg. Commute
21 min
▼ 5 min vs national

Childcare Costs

Infant (Center)
$10,344/yr
15% of income
Toddler (Center)
$9,622/yr
Preschool (Center)
$9,418/yr
School-Age (Center)
$7,158/yr

What This Means

Myrtle Beach, SC receives an overall affordability grade of C- (53/100), aggregated from 5 ZIP codes with a total population of 119,080. Challenges include housing. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Myrtle Beach ZIP Codes
View all 5 ZIP codes with demographics and individual scorecards
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What are common questions about this dashboard?

Is Myrtle Beach, SC affordable?
Myrtle Beach, SC receives an overall affordability grade of C- (53/100) based on Census, HUD, FBI, and DOL data. Median household income is $69,714. Median home value is $313,749.
What is the cost of living in Myrtle Beach?
Key cost metrics: Median rent $1,364/mo. 2BR fair market rent $1,465/mo. Infant childcare $10,344/yr. Median home value $313,749.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →