RateHerald

No link on RateHerald pays us today. When some do, they'll say so, and they'll never change a ranking. How we make money

Myrtle Beach, SC Rent Affordability Calculator

The median rent in the Myrtle Beach, SC area is $1,255 a month including utilities, which takes 23% of the median household income ($66,880). Paying it on 30% of income needs about $50,200 a year.

On $67,000 a year, 30% of income is $1,675 a month for rent. A $1,260 rent takes 22.6% of gross income; many landlords want income of 40 times the rent, $50,400.

Rent you can afford
$1,675 a month
That rent takes
22.6% of income
Income a landlord may ask for (40× rent)
$50,400

Rent you can afford in Myrtle Beach, SC by income (30% rule)

IncomeAffordable rentAgainst the median rent
$40,000$1,000−20.3%
$60,000$1,50019.5%
$80,000$2,00059.4%
$100,000$2,50099.2%
$150,000$3,750198.8%

How this calculator works

Median gross rent and median household income for the Myrtle Beach-Conway-North Myrtle Beach, SC metropolitan area, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. Affordable rent is 30% of gross monthly income.

What it assumes

  • Medians across all rentals, of every size and age; new listings usually ask more.

Questions people ask

What is the average rent in Myrtle Beach, SC?

The median gross rent is $1,255 a month, including utilities (Census American Community Survey 2020–2024 5-year estimates).

What salary do I need to live in Myrtle Beach, SC?

To rent at the median on 30% of income, about $50,200 a year; many landlords ask for 40 times the rent, $50,200.

Is rent affordable in Myrtle Beach, SC?

The median rent takes 23% of the median household income there, within the 30% guideline.

How does the cost of living in Myrtle Beach, SC compare?

Overall prices are 6.4% below the US average, and housing 16.9% below (BEA, 2024).

Nearby and large metro areas

Related calculators

  • Rent Affordability CalculatorThe rent your income supports under the 30% guideline, what a given rent takes of your pay, and the income landlords often ask for, with median rents in large metro areas.
  • Myrtle Beach, SC Cost of Living CalculatorPrices in the Myrtle Beach, SC area are 6.4% below the US average, and housing 16.9% below (BEA, 2024). Compare a salary here with anywhere else.
  • Rent vs Buy CalculatorWhether buying or renting leaves you better off after the years you plan to stay, counting mortgage interest, tax, upkeep, selling costs and what a renter earns investing the down payment.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.