Myrtle Beach, SC vs Socastee, SC

Socastee is moderately more affordable than Myrtle Beach, with a 8.2% lower cost of living index. Myrtle Beach scores 96 compared to 88 for Socastee, where the US average is 100. This difference means residents of Myrtle Beach can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Myrtle Beach is $1,132/month compared to $1,244/month in Socastee — a 9% difference. Interestingly, home values tell a different story: while Myrtle Beach has cheaper rent, Socastee actually has lower median home values ($218,200 vs $347,700).

Median household income in Myrtle Beach is $53,679 compared to $59,826 in Socastee (-10.3%). Socastee offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Myrtle Beach spend roughly 25.3% of their income on rent, more than the 25% in Socastee.

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