City comparison
Miami, FL vs Myrtle Beach, SC
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Miami, FL are 21.9% higher than in Myrtle Beach, SC. Someone earning $100,000 in Myrtle Beach, SC would need about $121,900 in Miami, FL to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,995 a month in Miami, FL versus $1,229 in Myrtle Beach, SC. On $100,000, that's 30% of take-home pay in Miami, FL and 20% in Myrtle Beach, SC.
- On $100,000, estimated state income tax is about $4,843 a year higher in Myrtle Beach, SC than in Miami, FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by −6.1% moving from Miami, FL to Myrtle Beach, SC ($113,356 → $106,437), while prices change by −18.0%. Net effect of the transfer: +14.5% in real buying power.
- Miami, FL: price level 114.2 (much 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
| Miami, FL | Myrtle Beach, SC | |
|---|---|---|
| Price level (U.S. = 100)2 | 114.2 | 93.6 |
| $100,000 is worth, in the other city2 | $82,031 in Myrtle Beach | $121,906 in Miami |
| Typical 1-bedroom rent3 | $1,995/mo | $1,229/mo |
| Take-home on $100,00014,15,8 | $79,180 | $74,337 |
| State income tax on $100,000 (estimate)8 | $0 (FL) | $4,843 (SC) |
| Rent burden on $100,000 | 30% | 20% |
| Median pay, all jobs4 | $48,640 | $37,930 |
| Federal locality pay area7 | Miami-Port St. Lucie-Fort Lauderdale, FL | Rest of U.S. |
Rent areas: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area and Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area. Metro areas: Miami-Fort Lauderdale-West Palm Beach, FL and Myrtle Beach-Conway-North Myrtle Beach, SC.
What costs more or less
| Price level (U.S. = 100) | Miami | Myrtle Beach |
|---|---|---|
| Housing (rent) | 155.6 | 83.1 |
| Goods | 103.6 | 96.3 |
| Utilities | 97.2 | 88.0 |
| Other services | 109.1 | 98.3 |
| Overall | 114.2 | 93.6 |
Moving with the same $100,000 salary
Miami, FL → Myrtle Beach, SC
Same pay goes further
Buying power +21.9%; rent takes 20% of take-home; state tax +$4,843/yr.
100 Strong offer
Myrtle Beach, SC → Miami, FL
Same pay buys less
Buying power −18.0%; rent takes 30% of take-home; state tax −$4,843/yr.
30 Weak offer
On the GS pay scale?
Miami, FL is in the Miami-Port St. Lucie-Fort Lauderdale, FL pay area; Myrtle Beach, SC is in Rest of U.S.. The last column shows what a transfer from Miami, FL to Myrtle Beach, SC at the same grade and step does to real buying power.
| Grade5,2 | Miami, FL | Myrtle Beach, SC | Real change, Miami → Myrtle Beach |
|---|---|---|---|
| GS-9 step 1 | $65,735 | $61,722 | +14.5% |
| GS-11 step 1 | $79,533 | $74,678 | +14.5% |
| GS-12 step 1 | $95,326 | $89,508 | +14.5% |
| GS-13 step 1 | $113,356 | $106,437 | +14.5% |
| GS-14 step 1 | $133,953 | $125,776 | +14.5% |
Pay for common jobs
| Median annual pay4 | Miami, FL | Myrtle Beach, SC | Myrtle Beach pay in Miami dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $58,300 | not published | — |
| Software Developers | $132,650 | not published | — |
| Accountants and Auditors | $80,920 | $74,520 | $90,844 (+12.3%) |
| Registered Nurses | $91,380 | $80,640 | $98,305 (+7.6%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.