Myrtle Beach is a city in South Carolina state in USA with a population of 33638 residents.. The poverty rate of Myrtle Beach is 22.4%, which is 60% higher than national average. The typical household in Myrtle Beach earns $43378 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 13 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 55.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Myrtle Beach, only 90% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Myrtle Beach remained 5.8%, which is 23% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Myrtle Beach, only 31% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Myrtle Beach is 97, which is 3% lower than national average. Median home value in Myrtle Beach is $237200 , which is 3% higher than national average. While median income in Myrtle Beach remained $43378, which is 36% lower than national average.