Cost of Living in Horry County, South Carolina

$1,181/mo
Median Monthly Rent
$260,500
Median Home Value
25% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,181/mo
25% above state average
Median Home Value
$260,500
8% below national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Horry County Compares

Median monthly rent comparison

Horry County$1,181/mo
South Carolina Average$945/mo
National Median$1,163/mo

Detailed Housing Stats

$1,181/mo
Median Gross Rent
$260,500
Median Home Value
$939/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Horry County, South Carolina

Horry rents rise with coastal demand

Horry County renters spend 21.9% of their $64,623 median income on rent—nearly matching the national rate despite earning $10,000 more than most U.S. households. At $1,181 monthly, Horry's rents have climbed 25% above the state average, reflecting growth pressure from coastal migration.

Pricey but still below state strain

Horry's 21.9% rent-to-income ratio sits below South Carolina's 20.1% state average, placing it in the more manageable tier despite charging $1,181 rent. The county's higher median income of $64,623 helps offset the premium coastal living commands.

Premium pricing for beach access

Horry's $1,181 rent ranks among the highest in this region—exceeded only by neighboring Jasper County at $1,307—reflecting the pull of Myrtle Beach and coastal amenities. Compared to inland Laurens ($847) or Kershaw ($872), Horry charges 40% more, though incomes here are proportionally higher.

Mortgages nearly match rents here

Horry homeowners pay $939 monthly compared to renters' $1,181, a smaller gap than most counties and reflecting the competitive housing market. The median home value of $260,500 represents the highest in this dataset, appealing to buyers willing to pay for location and amenities.

Horry works for coastal seekers with stable income

If beach lifestyle and robust local job markets matter more than rock-bottom costs, Horry's affordability ratio is actually reasonable for the Southeast. Plan on earning at least $65,000 to live comfortably, and consider inland pockets to stretch your budget further.

Affordability Calculator

See how your income compares to housing costs in Horry County

$

Rent Burden

21.9%

of gross income

Max Housing (28% Rule)

$1,508

per month

Owner Cost Burden

17.4%

of gross income

The median home in Horry County may be a stretch

Median home value is $260,500. Estimated monthly cost: $2,080 vs. your max of $1,508.

Rent Affordability Guide

Your rent-to-income ratio21.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Horry County, South Carolina?
Horry County, South Carolina has a median monthly rent of $1,181/mo and a median home value of $260,500. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Horry County?
The median gross rent in Horry County is $1,181/mo. This is 25% above state average for South Carolina.
Is Horry County affordable?
Horry County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Horry County's rent compare to the state average?
Horry County's median rent of $1,181/mo is 25% above state average of $945/mo for South Carolina.
What is the median home value in Horry County?
The median home value in Horry County, South Carolina is $260,500. This is 8% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.