What is the median household income in Myrtle Beach, SC?
The median household income in Myrtle Beach, SC is $60,394 (±$3,850) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,261 a month would take about $50,400 a year at the common guideline of spending no more than 30% of income on rent.
In Myrtle Beach, the median household income went from $43,200 in 2015–2019 to $60,394 in 2020–2024 (+39.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $60,394 (±$3,850)
- Median renter income
- $39,284 (±$5,346)
- Income to afford median rent
- about $50,400
Income in Myrtle Beach against Horry County, its state and the nation
| Myrtle Beach | Horry County | South Carolina | United States | |
|---|---|---|---|---|
| Median household income | $60,394 (±$3,850) | $66,880 (±$1,763) | $69,324 (±$570) | $80,734 |
| Median renter household income | $39,284 (±$5,346) | $47,911 (±$2,932) | $43,796 (±$694) | $52,966 |
| Median owner household income | $81,509 (±$8,163) | $73,509 (±$1,937) | $82,205 (±$598) | $100,009 |
| Median gross rent | $1,261 (±$77) | $1,255 (±$35) | $1,180 (±$9) | $1,413 |
In Myrtle Beach, median household income is lower than in Horry County ($66,880).
It is also lower than in South Carolina ($69,324).
It is lower than the national figure ($80,734).
In Horry County, Myrtle Beach ranks 11 of 15 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 135 of 360.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Myrtle Beach
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,261 a month ($15,132 a year) needs an income of about $50,400 a year.
The median renting household in Myrtle Beach earns $39,284 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $43,200 (±$2,159) | $60,394 (±$3,850) | +39.8% | Up after inflation |
| Median gross rent | $913 (±$33) | $1,261 (±$77) | +38.1% | Up after inflation |
| Median home value | $216,100 (±$17,778) | $388,800 (±$34,009) | +79.9% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Myrtle Beach
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Myrtle Beach | — | $60,394 (±$3,850) | — |
| Carolina Forest | 4.2 mi | $74,436 (±$6,922) | Higher |
| Forestbrook | 4.8 mi | $81,286 (±$10,107) | Higher |
| Socastee | 7.2 mi | $62,257 (±$8,778) | Not measurably different |
| Surfside Beach | 8.7 mi | $70,106 (±$7,736) | Higher |
| Red Hill | 8.8 mi | $68,250 (±$5,756) | Higher |
| Briarcliffe Acres | 9.6 mi | $156,250 (±$54,905) | Higher |
| Garden City | 11 mi | $47,249 (±$5,748) | Lower |
| Atlantic Beach | 12 mi | $33,500 (±$17,043) | Lower |
Nearby places with a measurably lower figure: Garden City, SC ($47,249), Atlantic Beach, SC ($33,500).
Nearby places with a measurably higher figure: Carolina Forest, SC ($74,436), Forestbrook, SC ($81,286), Surfside Beach, SC ($70,106).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Horry County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 5 | North Myrtle Beach | $72,722 (±$3,862) |
| 6 | Surfside Beach | $70,106 (±$7,736) |
| 7 | Red Hill | $68,250 (±$5,756) |
| 8 | Little River | $65,786 (±$7,900) |
| 9 | Homewood | $64,659 (±$44,796) |
| 10 | Socastee | $62,257 (±$8,778) |
| 11 | Myrtle Beach | $60,394 (±$3,850) |
| 12 | Conway | $56,650 (±$6,653) |
| 13 | Garden City | $47,249 (±$5,748) |
| 14 | Loris | $36,899 (±$6,294) |
| 15 | Atlantic Beach | $33,500 (±$17,043) |
Showing 11 of 15 places in Horry County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Myrtle Beach
What is the median household income in Myrtle Beach?
The median household income in Myrtle Beach is $60,394 (±$3,850) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Myrtle Beach?
About $50,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,261 a month.
Have incomes in Myrtle Beach kept up with inflation?
In Myrtle Beach, the median household income went from $43,200 in 2015–2019 to $60,394 in 2020–2024 (+39.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Myrtle Beach?
The median renting household in Myrtle Beach, SC earns $39,284 (±$5,346) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Myrtle Beach city, South Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Myrtle Beach city, South Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Myrtle Beach city, South Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Myrtle Beach city, South Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Myrtle Beach city, South Carolina
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Myrtle Beach city, South Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Myrtle Beach city, South Carolina (place:49075, in state:45).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Renters and owners in Myrtle Beach
- Home values in Myrtle Beach
- Homeowner costs in Myrtle Beach
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- Crime reported to police in Myrtle Beach
- Population growth in Myrtle Beach
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- Crowding and facilities in Myrtle Beach
- South Carolina landlord and tenant rules
- Housing across Horry County
- South Carolina places ranked by median household income
- Housing data for every place in South Carolina