Demographics/Population/Cost of Living

The Myrtle Beach metropolitan area had an estimated population in 2019 of 480,891.

Ranked as the second fastest-growing metropolitan area in the country (per 2018 census estimates). As of the 2010 census, the population of the city was 27,109, and in 2019, the estimated population was 34,695.

This is the third year in a row that the U.S. Census ranked Myrtle Beach #2. • More than 17,000 people moved to the area between 2017-2018, representing a 3.8 percent growth. • Myrtle Beach area was also the second fastest-growing metropolitan area in the

United States between 2016 and 2017.

More than 104,000 people moved to the Myrtle Beach-Conway-North Myrtle Beach area over the past eight years. That represents almost a 30 percent population growth, according to the U.S. Census Bureau.

Myrtle Beach is one of the major centers of tourism in South Carolina and the United States because of the city’s warm subtropical climate and extensive beaches, attracting an estimated 14 million visitors each year.

Median age: 36.7 years old, ranking 235th of 368 S.C. cities Education: 31.8% college degree, 31.5% high school diploma, 14.6% no diploma Crime rate: 13.8 crimes per 1,000 residents, 4.3 x national avg.

Cost of Living/Economy

In November 2020, the median list price of homes in Myrtle Beach, SC was $199.9K, trending up 8.7% year-over-year. The median listing price per square foot was $153. The median sale price was $210K

The cost of living index rates Myrtle Beach at 92.7 on a scale of 100, making it 7.3% less expensive to live there compared to the national average.