Myrtle Beach, SC at a glance
Median household income
$60,394$5,033 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Myrtle Beach, SC?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Myrtle Beach, SC? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,145 | $13,740 | $45,800 | 22.8% |
| 1-Bedroom Apartment | $1,229 | $14,748 | $49,160 | 24.4% |
| 2-Bedroom ApartmentBenchmark | $1,465 | $17,580 | $58,600 | 29.1% |
| 3-Bedroom Home | $1,805 | $21,660 | $72,200 | 35.9% |
| 4-Bedroom Home | $2,111 | $25,332 | $84,440 | 41.9% |
What a typical income covers in Myrtle Beach, SC
The 50/30/20 rule applied to the local median of $60,394 a year ($5,033 a month before tax).
What $60,394 leaves after South Carolina taxes
Federal income tax, Social Security, Medicare and South Carolina tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in South Carolina
Living in Myrtle Beach, SC: common questions
What is the median household income in Myrtle Beach, SC?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Myrtle Beach, SC is $60,394 per year (approximately $5,033 per month).
What is the average rent in Myrtle Beach, SC?
The closest official figure is HUD's Fair Market Rent for 2026: $1,145 for a studio, $1,229 for one bedroom, $1,465 for two, $1,805 for three and $2,111 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Myrtle Beach, SC expensive to live in?
Prices there run 6.4% below the U.S. average. BEA's regional price parity for the metro area is 93.6, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Myrtle Beach, SC?
To keep a $1,465 two-bedroom under 30% of gross income, a household needs about $58,600 a year, or $4,883 a month. That is 97% of what the typical household in Myrtle Beach, SC earns.
How much do you need to live comfortably in Myrtle Beach, SC?
On the local median income of $60,394 ($5,033 a month before tax), the 50/30/20 rule leaves $2,516 a month for needs like rent, utilities and groceries, $1,510 for everything else and $1,007 for savings or debt. A two-bedroom at $1,465 takes 58% of the needs share.
How much is the electric bill in Myrtle Beach, SC?
Homes in South Carolina paid 15.6¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $140. Your bill depends mostly on heating and cooling.