Greenwood, SC vs Myrtle Beach, SC

There is a significant gap in the cost of living between these two cities. Greenwood is 29% cheaper than Myrtle Beach. With a cost index of 68 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Greenwood to Myrtle Beach should plan for substantially higher expenses across most categories.

On the housing front, median rent in Greenwood is $826/month compared to $1,132/month in Myrtle Beach — a 27% difference. Home values follow the same pattern: Greenwood is more affordable at $123,400 median vs $347,700.

Median household income in Greenwood is $40,253 compared to $53,679 in Myrtle Beach (-25%). The higher salaries in Myrtle Beach partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Greenwood spend roughly 24.6% of their income on rent, less than the 25.3% in Myrtle Beach.

Climate-wise, both cities share similar average temperatures (61.1°F vs 64°F). Myrtle Beach receives more rainfall at 48.5" per year compared to 42" in Greenwood.