Cost of Living Calculator

Do the Math and See Why Myrtle Beach is a Great Choice!

The Cost of Living Index (COLI) Calculator

Every quarter COLI compiles and publishes The Cost of Living Index, a comparison of the cost of living in more than 300 cities and areas across the country. Participating agencies such as chambers of commerce collect prices on nearly 60 different products and services. In an effort to control random error in the analysis of the data, agencies are expected to collect the same data at the same time for every quarter of the year.

The Cost of Living Calculator compares the cost of living differences between your community and other communities across the United States.

Cost of Living Calculator Source: The Cost of Living Index (COLI)

The Cost of Living Index Calculator



Myrtle Beach Area Cost of Living

Average Apartment Rent
$1,048 median for one-bedroom and  $1,285 median for two-bedroom (rents will vary depending on location and unit type.)

Source: RentCafe

Average New Home Cost
$280,900 (values are seasonally adjusted and only includes middle price tier of homes.)

Source: Zillow

Average Electric Bill
$126.70 (average residential monthly electricity bill.)

Source: FindEnergy

Average Gasoline Price per Gallon
$4.252 (regular unleaded gasoline.)


(data collected in May 2022)