Cost of Living in Myrtle Beach-North Myrtle Beach-Conway, SC

How far does a $70,000 salary go in Myrtle Beach-North Myrtle Beach-Conway? Estimated income taxes on that gross salary total approximately $10,094 per year — combining federal taxes with South Carolina's state income tax. Subtract rent for a 2-bedroom apartment ($1,465/month based on HUD Fair Market Rents for the Myrtle Beach-North Myrtle Beach-Conway metro area) and the estimated annual take-home is $42,326, or roughly $3,527 per month for everything else: food, transportation, savings, and discretionary spending.

The Myrtle Beach-North Myrtle Beach-Conway metro has a cost of living index of 84.2 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 16% below the national average, Myrtle Beach-North Myrtle Beach-Conway is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Myrtle Beach-North Myrtle Beach-Conway represents approximately 25% of gross income. That approaches the 30% threshold commonly used to define affordability. A smaller unit or a higher salary would improve the picture.