Florence, SC vs Myrtle Beach, SC

There is a significant gap in the cost of living between these two cities. Florence is 22.2% cheaper than Myrtle Beach. With a cost index of 74 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Florence to Myrtle Beach should plan for substantially higher expenses across most categories.

On the housing front, median rent in Florence is $922/month compared to $1,132/month in Myrtle Beach — a 19% difference. Home values follow the same pattern: Florence is more affordable at $189,800 median vs $347,700.

Median household income in Florence is $56,433 compared to $53,679 in Myrtle Beach (+5.1%). Florence offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Florence spend roughly 19.6% of their income on rent, less than the 25.3% in Myrtle Beach.

Climate-wise, both cities share similar average temperatures (64.7°F vs 64°F). Myrtle Beach receives more rainfall at 48.5" per year compared to 45.3" in Florence.