Planning to buy a home in Myrtle Beach? Don’t forget your flip-flops.
Generally, restaurants and establishments in the city support the coastal lifestyle of its residents and do not impose strict dress codes, if at all. Myrtle Beach prides itself on having a laid-back atmosphere for both locals and tourists—something that has enticed many to stay longer, and even take up residence in the place.
Another reason to kick back is the city’s low cost of living, a feature prevalent in many parts of eastern U.S. Affordable housing cost is one of Myrtle Beach’s best attractions, with a cost of living index (COLI) of 75.5. To illustrate, if you’re buying a house for $100,000 in a different community, a house in Myrtle Beach with the same specs will only cost you $75,500.
That means savings of $24,500, which can be used for other expenses. Utilities, for instance, have a COLI of 120.2 and health care 107.0.