Cost of Living in North Myrtle Beach
North Myrtle Beach's cost of living centers on housing that runs meaningfully above Myrtle Beach's own median ($397,671 average home value vs. Myrtle Beach's $258,000-$323,460 range) -- a real premium for a more family-oriented, lower-density beach product.
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Learn moreHousing carries a real, genuine premium over Myrtle Beach
Zillow's average home value for North Myrtle Beach was $397,671 as of June 2026 (down 0.7% YoY) -- meaningfully higher than Myrtle Beach's own $258,000-$323,460 range documented separately in this dataset. This is a real price difference, not a data artifact, reflecting North Myrtle Beach's more family-oriented, lower-density character.
SC's two-bracket income tax and North Myrtle Beach's own layered sales/hospitality tax
South Carolina's Act 110 two-bracket income tax (1.99%/5.21%) applies statewide. North Myrtle Beach's combined sales tax is cited at 9% (ranging 8%-9% by specific zip code), plus the city's own Hospitality Fee on restaurant meals, accommodations, and amusements -- this pass could not confirm the exact current Hospitality Fee percentage directly, disclosed as a research gap.
Insurance costs carry real, unresolved cross-source disagreement
One source cites North Myrtle Beach's own average homeowners premium at $2,039/year, described (inconsistently with the SC statewide comparator) as 25% above the state average -- yet this figure is actually lower than the $2,974-$3,100/year SC statewide range used elsewhere in this dataset. This contradiction is disclosed rather than resolved; get a direct quote for a specific property.
A genuinely more expensive Grand Strand option than Conway
For buyers weighing the broader Horry County market, North Myrtle Beach's beachfront-adjacent pricing runs well above Conway's own inland, more-affordable alternative (documented in a separate record in this dataset) -- a real, structural tradeoff between direct beach access and affordability.
Key takeaways
- North Myrtle Beach's average home value ($397,671) runs meaningfully above Myrtle Beach's own $258,000-$323,460 range -- a real, genuine premium.
- SC's two-bracket income tax (1.99%/5.21%) applies statewide; North Myrtle Beach's combined sales tax runs 8%-9% by zip, plus a city Hospitality Fee whose exact current rate wasn't confirmed this pass.
- Homeowners-insurance sourcing showed a real, unresolved contradiction this pass -- get a direct quote for a specific property.
- North Myrtle Beach runs meaningfully more expensive than Conway's inland alternative within the same broader Horry County market.
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