Town35,682 people

Myrtle Beach, SC

Discover how far your salary goes in Myrtle Beach. Compare taxes, rent, and living costs.

Cost Index
96
Below Average
Population

35,682

State Tax

6.5%

1BR Rent

$1,131

/month

vs National

-19%

below avg

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Rent Prices in Myrtle Beach

🏠

Studio

$905

/month

$10,860/year

Most Common
🛏️

1 Bedroom

$1,131

/month

$13,572/year

🏡

2 Bedroom

$1,527

/month

$18,324/year

🏘️

3 Bedroom

$1,979

/month

$23,748/year

Taxes in South Carolina

State Income Tax

South Carolina

6.5%

For a $100k salary, that's ~$6,500/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

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

Myrtle Beach has a cost of living index of 96, which is 4% below the national average. A 1-bedroom apartment costs around $1,131/month.

What is the state income tax in South Carolina?

South Carolina has a state income tax rate of approximately 6.5%. This is in addition to federal income tax.

How much is rent in Myrtle Beach?

The median rent for a 1-bedroom apartment in Myrtle Beach is $1,131/month. For a 2-bedroom, expect to pay around $1,527/month. This is 19% below the national average.

Is Myrtle Beach a good place to live?

Myrtle Beach is a town with a population of 35,682. The cost of living is below average, making it more affordable than average for the US.

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