City comparison
Anchorage, AK vs Myrtle Beach, SC
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Anchorage, AK are 12.6% higher than in Myrtle Beach, SC. Someone earning $100,000 in Myrtle Beach, SC would need about $112,600 in Anchorage, AK to live the same way.
- Typical 1-bedroom rents are close: $1,243 a month in Anchorage, AK and $1,229 in Myrtle Beach, SC.
- On $100,000, estimated state income tax is about $4,843 a year higher in Myrtle Beach, SC than in Anchorage, AK.
- For federal employees, locality pay changes a GS-13 step 1 salary by −11.6% moving from Anchorage, AK to Myrtle Beach, SC ($120,348 → $106,437), while prices change by −11.2%. Net effect of the transfer: −0.4% in real buying power.
- Anchorage, AK: price level 105.4 (pricier)
- Myrtle Beach, SC: price level 93.6 (cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Anchorage, AK | Myrtle Beach, SC | |
|---|---|---|
| Price level (U.S. = 100)2 | 105.4 | 93.6 |
| $100,000 is worth, in the other city2 | $88,828 in Myrtle Beach | $112,578 in Anchorage |
| Typical 1-bedroom rent3 | $1,243/mo | $1,229/mo |
| Take-home on $100,00014,15,8 | $79,180 | $74,337 |
| State income tax on $100,000 (estimate)8 | $0 (AK) | $4,843 (SC) |
| Rent burden on $100,000 | 19% | 20% |
| Median pay, all jobs4 | $60,200 | $37,930 |
| Federal locality pay area7 | State of Alaska | Rest of U.S. |
Rent areas: Anchorage, AK HUD Metro FMR Area and Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area. Metro areas: Anchorage, AK and Myrtle Beach-Conway-North Myrtle Beach, SC.
What costs more or less
| Price level (U.S. = 100) | Anchorage | Myrtle Beach |
|---|---|---|
| Housing (rent) | 109.9 | 83.1 |
| Goods | 107.3 | 96.3 |
| Utilities | 111.8 | 88.0 |
| Other services | 103.3 | 98.3 |
| Overall | 105.4 | 93.6 |
Moving with the same $100,000 salary
Anchorage, AK → Myrtle Beach, SC
Same pay goes further
Buying power +12.6%; rent takes 20% of take-home; state tax +$4,843/yr.
100 Strong offer
Myrtle Beach, SC → Anchorage, AK
Same pay buys less
Buying power −11.2%; rent takes 19% of take-home; state tax −$4,843/yr.
38 Weak offer
On the GS pay scale?
Anchorage, AK is in the State of Alaska pay area; Myrtle Beach, SC is in Rest of U.S.. The last column shows what a transfer from Anchorage, AK to Myrtle Beach, SC at the same grade and step does to real buying power.
| Grade5,2 | Anchorage, AK | Myrtle Beach, SC | Real change, Anchorage → Myrtle Beach |
|---|---|---|---|
| GS-9 step 1 | $69,789 | $61,722 | −0.4% |
| GS-11 step 1 | $84,439 | $74,678 | −0.4% |
| GS-12 step 1 | $101,206 | $89,508 | −0.4% |
| GS-13 step 1 | $120,348 | $106,437 | −0.4% |
| GS-14 step 1 | $142,216 | $125,776 | −0.4% |
Pay for common jobs
| Median annual pay4 | Anchorage, AK | Myrtle Beach, SC | Myrtle Beach pay in Anchorage dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $79,270 | not published | — |
| Software Developers | $104,030 | not published | — |
| Accountants and Auditors | $82,150 | $74,520 | $83,893 (+2.1%) |
| Registered Nurses | $115,290 | $80,640 | $90,783 (−21.3%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.