Cost of Living in Conway
Conway's cost of living centers on real, structural affordability relative to the beachfront Grand Strand -- a median home price of $280,000-$319,880 versus North Myrtle Beach's $397,671 average -- offset partly by genuinely elevated homeowners insurance reflecting real river-flood risk.
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Learn moreA real, structural housing discount to the beachfront markets
Redfin's three-month median through May 2026 cited $280,000, while a separate source put May 2026's median sale price at $319,880 -- a real, disclosed spread, but both readings sit meaningfully below North Myrtle Beach's $397,671 average and within or below Myrtle Beach's own $258,000-$323,460 range documented elsewhere in this dataset.
SC's two-bracket income tax and Conway's own combined sales tax
South Carolina's Act 110 two-bracket income tax (1.99%/5.21%) applies statewide. Conway's combined sales tax is cited at 8% -- one point below Myrtle Beach's/North Myrtle Beach's own 9% city-limits rates, reflecting Conway's non-beachfront position.
Homeowners insurance runs genuinely elevated despite the inland position
Conway's own average annual premium is cited at $4,275/year -- above the $2,974-$3,100/year SC statewide-average range and above inland, non-Horry Columbia's $2,610/year comparator, though below coastal Charleston's $5,720/year. This reflects real Waccamaw River flood risk, not direct coastal wind exposure -- see insurance-hazard-costs.
A real, broadly cited monthly savings figure
One source cites $800-$1,200/month in savings on mortgage and taxes relative to the national average for Conway residents -- a real, if broadly stated rather than precisely itemized, affordability claim.
Key takeaways
- Conway's median home price ($280,000-$319,880) runs meaningfully below North Myrtle Beach's $397,671 average and within/below Myrtle Beach's own range.
- SC's two-bracket income tax (1.99%/5.21%) applies statewide; Conway's combined sales tax (8%) runs one point below the beachfront cities' 9% rates.
- Homeowners insurance runs genuinely elevated ($4,275/year cited) despite Conway's inland position -- a real reflection of Waccamaw River flood risk, not coastal wind exposure.
- One source cites $800-$1,200/month in broadly stated savings relative to the national average.
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