Homes for Sale in Myrtle Beach, SC: What You Need to Know
Myrtle Beach, located in northeastern South Carolina, is known as the Grand Strand for its continuous stretch of 60 miles of beach.
A Strong Job Market
Tourism is Myrtle Beach’s top industry. It brings in over 20 million visitors and generates $10.8 billion in expenditures per year, and accounts for more than 57,000 jobs. Outside of tourism, Myrtle Beach and Horry County are building a reputation as a growing business hub with 25 international companies based in the area. It’s strategically located halfway between New York and Miami, which means easy travel to two-thirds of the country. Myrtle Beach’s top industrial employers include Conbraco Industries, New South Lumber, and Precision Southeast.
Things to Do in Myrtle Beach
The city’s white-sand beaches attract tourists from near and far, especially Huntington Beach State Park, Surfside Beach, and Myrtle Beach State Park. The 1.2-mile Myrtle Beach Boardwalk draws crowds for its restaurants, shops, and SkyWheel, a 200-foot-tall Ferris wheel that offers a bird’s-eye view of the Atlantic Ocean. Myrtle Beach is also a golfers’ paradise with 100 golf courses plus 50 mini-golf courses.
The Cost of Living in Myrtle Beach
Myrtle Beach is home to 34,695 residents. Newcomers will be pleased to learn that the cost of living in this small city is 9.7% lower than the national average. The costs of food and transportation are 23.3% and 16.5% lower than the national average, respectively.
South Carolina levies a progressive income tax rate that could be as low as 0% or as high as 7% depending on a resident’s income. The top rate of 7% is one of the highest in the country. The state’s sales tax ranges from 6% to 9%.
Know Your Neighborhoods
New residents will find plenty of housing choices in Myrtle Beach, including condos in River Oaks neighborhood, waterfront houses in Grande Dunes, and gated communities in Carolina Forest. In the suburbs, many retirees live in North Myrtle Beach and nearby Little River because of their amenities. Conway is a quaint and friendly town only 12 miles away from Myrtle Beach. Families love it for its topnotch schools.
A Shopping Destination
Myrtle Beach’s popularity as a resort town is boosted by its shopping destinations. Broadway at the Beach’s 350-acre property features name-brand stores and one-of-a-kind shops. Families visit it for entertainment and activities such as the Backstage Mirror Maze and the Backstage Escape Games. These shopping centers are also popular among locals and tourists alike: Barefoot Landing, Coastal Grand Mall, and the Market Common.