Hanahan, SC vs Myrtle Beach, SC

Myrtle Beach is moderately more affordable than Hanahan, with a 8.1% lower cost of living index. Hanahan scores 103 compared to 96 for Myrtle Beach, where the US average is 100. This difference means residents of Hanahan can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hanahan is $1,324/month compared to $1,132/month in Myrtle Beach — a 17% difference. Interestingly, home values tell a different story: while Myrtle Beach has cheaper rent, Hanahan actually has lower median home values ($339,800 vs $347,700).

Median household income in Hanahan is $84,061 compared to $53,679 in Myrtle Beach (+56.6%). While Hanahan is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanahan spend roughly 18.9% of their income on rent, less than the 25.3% in Myrtle Beach.

Climate-wise, both cities share similar average temperatures (66.5°F vs 64°F). Hanahan receives more rainfall at 52.5" per year compared to 48.5" in Myrtle Beach.