How much rent can you afford in Myrtle Beach, SC?
Run your salary against Myrtle Beach's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Myrtle Beach
At a median rent of $1,676/mo, Myrtle Beach is moderately stretched when measured against Myrtle Beach median household income of $60,394/yr. Rent would consume roughly 33% of pre-tax income, and a salary of about $67,040 keeps rent at the recommended 30% threshold.
How Myrtle Beach compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Myrtle Beach?
On a $60,394 salary (the Myrtle Beach median household income), the recommended ceiling is 30% of pre-tax income, or about $1,510/mo. Myrtle Beach's median rent is $1,676/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Myrtle Beach?
To keep Myrtle Beach's $1,676/mo median rent under 30% of income, you'd need about $67,040/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Myrtle Beach affordable on the median South Carolina income?
Myrtle Beach is moderately stretched on a $60,394 income. Rent would take 33% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".