Lexington, SC vs Myrtle Beach, SC

Lexington, SC and Myrtle Beach, SC have a very similar cost of living, with only a 0.5% difference in their overall index. Lexington scores 96 while Myrtle Beach scores 96 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lexington is $1,360/month compared to $1,132/month in Myrtle Beach — a 20% difference. Interestingly, home values tell a different story: while Myrtle Beach has cheaper rent, Lexington actually has lower median home values ($271,200 vs $347,700).

Median household income in Lexington is $83,263 compared to $53,679 in Myrtle Beach (+55.1%). While Lexington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lexington 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 (64.3°F vs 64°F). Myrtle Beach receives more rainfall at 48.5" per year compared to 45.2" in Lexington.