Florence, SC vs North Myrtle Beach, SC

There is a significant gap in the cost of living between these two cities. Florence is 24.7% cheaper than North Myrtle Beach. With a cost index of 74 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Florence to North Myrtle Beach should plan for substantially higher expenses across most categories.

On the housing front, median rent in Florence is $922/month compared to $1,171/month in North Myrtle Beach — a 21% difference. Home values follow the same pattern: Florence is more affordable at $189,800 median vs $371,900.

Median household income in Florence is $56,433 compared to $72,111 in North Myrtle Beach (-21.7%). The higher salaries in North Myrtle Beach partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Florence spend roughly 19.6% of their income on rent, more than the 19.5% in North Myrtle Beach.

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