Myrtle Beach Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Myrtle Beach, South Carolina? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Myrtle Beach, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Myrtle Beach is $50,558.00.

The chart below shows the average household income by age in Myrtle Beach.

  • Under 25
    $42,834.00
  • 25 to 44
    $46,731.00
  • 45 to 64
    $49,945.00
  • 65 and over
    $57,677.00

Average Household Income

A very commonly asked question is "what is the average household income in Myrtle Beach, South Carolina?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Myrtle Beach is $80,513.00.

6.70% of households in Myrtle Beach, South Carolina are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Myrtle Beach but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Myrtle Beach

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Myrtle Beach, South Carolina easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    23.10%
  • $25,000 to $49,999
    26.45%
  • $50,000 to $74,999
    17.52%
  • $75,000 to $99,999
    10.37%
  • $100,000 to $149,999
    10.40%
  • $150,000 to $199,999
    5.46%
  • $200,000 or more
    6.70%

Per Capita Income

The per capita income is the average income of all people in Myrtle Beach, South Carolina. This is calculated by dividing the total income of all people in Myrtle Beach by the total number of people in Myrtle Beach.

It differs from the average or mean household income because it includes all people in Myrtle Beach and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Myrtle Beach, South Carolina is $38,086.00.

Population in Myrtle Beach by Race and Ethnicity

The total population in Myrtle Beach is currently 36,064 people.

The race and ethnicity of the population in Myrtle Beach can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Myrtle Beach, South Carolina.

  • 4.10% White
    1,496
  • 88.60% Black/African American
    31,953
  • 68.60% Native
    24,754
  • 7.60% Hispanic
    2,728
  • 15.30% Asian
    5,519
  • 0.00% Hawaiian/Pacific Islander
    12
  • 0.00% Two or more races
    6
  • 0.90% Other
    340

Population of Myrtle Beach by Age and Gender

Another very important demographics statistic for Myrtle Beach, South Carolina is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 1,665 1,477
10 to 19 Years 1,915 1,591
20 to 29 Years 2,071 1,815
30 to 39 Years 1,833 2,001
40 to 49 Years 2,553 2,329
50 to 59 Years 2,498 2,869
60 to 69 Years 3,138 3,279
70 Years and over 2,230 2,800

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Myrtle Beach, South Carolina.

  • Master's degree or higher
    11.18%
  • Bachelor's degree
    35.45%
  • Some college or associate's degree
    9.66%
  • High school diploma or equivalent
    41.13%
  • Less than high school diploma
    2.58%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Myrtle Beach because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Myrtle Beach look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Myrtle Beach, South Carolina that are over the age of 16.

The current population in Myrtle Beach that are over the age of 16 is 30,723 people.

The unemployment rate in Myrtle Beach is 4.20%, which means 784 people are unemployed.

Median Age in Myrtle Beach

The median age is an interesting metric because it gives us an idea of the age distribution of people in Myrtle Beach, South Carolina. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Myrtle Beach is 47 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Myrtle Beach

47

Total

44.9

Male

49.3

Female

Households and Families

There are a total of 16,201 households in Myrtle Beach, and the average household size is 2.22 people.

For families, the total number is 9,103, and the average family size is 2.84 people.

10.50% of those families in Myrtle Beach, South Carolina are living below the poverty line.

The table below shows the poverty thresholds for Myrtle Beach in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Myrtle Beach, South Carolina for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 6,970 467 1,666 7,098
Average Household Size 2.64 3.42 4.09 1.28
Total Families 6,970 467 1,666 0
Average Household Size 2.63 2.79 3.76 0

Housing Data in Myrtle Beach

There are total of 24,185 housing units in Myrtle Beach, South Carolina. Of those units, 16,201 (66.99%) are occupied, and 7,984 (33.01%) are vacant.

Rental Rates

Of the 24,185 housing units in Myrtle Beach, 6,230 (25.76%) are occupied by renters. The median rent paid by renters is $1,093.00.

Owner occupied housing units make up the remaining 40.59% of housing units, with 9,816 housing units in total.

The table below breaks down how much rent is paid by renters in Myrtle Beach, South Carolina.

  • No rent paid
    155
  • Less than $500
    211
  • $500 to $999
    2,419
  • $1,000 to $1,499
    2,393
  • $1,500 to $1,999
    889
  • $2,000 to $2,499
    145
  • $2,500 to $2,999
    47
  • $3,000 or more
    126

Property Values

The median value of a property in Myrtle Beach is $287,900.00.

The table below breaks down the range of valuations for all properties in Myrtle Beach.

  • Less than $50,000
    290
  • $50,000 to $99,999
    798
  • $100,000 to $149,999
    1,301
  • $150,000 to $199,999
    997
  • $200,000 to $299,999
    1,704
  • $300,000 to $499,999
    2,430
  • $500,000 to $999,999
    1,800
  • $1,000,000 or more
    496

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Myrtle Beach, South Carolina.

  • 1939 or earlier
    176
  • 1940 to 1949
    287
  • 1950 to 1959
    1,535
  • 1960 to 1969
    1,668
  • 1970 to 1979
    3,017
  • 1980 to 1989
    5,372
  • 1990 to 1999
    3,341
  • 2000 to 2009
    4,009
  • 2010 to 2013
    4,443
  • 2014 or later
    337

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Myrtle Beach has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    1,156
  • 1 vehicle available
    6,952
  • 2 vehicles available
    6,445
  • 3 or more vehicles available
    1,648

Commuting to Work in Myrtle Beach

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Myrtle Beach, South Carolina, how they commute, and how that correlates to other data points.

The average travel time is 18.5 minutes, and the chart below covers the range of travel times across the population of Myrtle Beach.

  • Less than 5 minutes
    531
  • 5 to 9 minutes
    2,421
  • 10 to 14 minutes
    3,606
  • 15 to 19 minutes
    3,110
  • 20 to 24 minutes
    2,691
  • 25 to 29 minutes
    882
  • 30 to 34 minutes
    1,427
  • 35 to 39 minutes
    143
  • 40 to 44 minutes
    148
  • 45 to 59 minutes
    292
  • 60 to 89 minutes
    199
  • 90 or more minutes
    312

We can also look at the means of transport in Myrtle Beach to see which modes of transport people are using to commute to work.

  • Drove alone
    13,282
  • Carpooled
    1,284
  • Public transportation
    283
  • Walked
    494
  • Other means
    419
  • Worked from home
    1,713

Conclusion

Hopefully this article has given you the demographics data you were looking for in Myrtle Beach, South Carolina.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Myrtle Beach.

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  • "Myrtle Beach Average Income, Population and Demographics". NameCensus.com. Accessed on March 29, 2024. https://namecensus.com/demographics/south-carolina/horry-county/myrtle-beach/.

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