North Myrtle Beach, South Carolina
North Myrtle Beach, South Carolina - Home of "The Shag" - is located along a nine-mile stretch of the Atlantic Ocean coastline in the northeastern section Horry County in South Carolina.
North Myrtle Beach was formed in 1968 when four small beach towns, Cherry Grove, Ocean Drive, Crescent Beach, and Windy Hill Beach consolidated into one community.
The North Myrtle Beach area has a rich heritage and has come a long way in developing itself into a top tourist destination today. As both economic trends and the needs of the North Myrtle Beach area transform and change, you can be certain that the area’s heritage will remain just as important as the future growth of the North Myrtle Beach community.
The cost of living according to the ACCRA composite index for the North Myrtle Beach area is 96.7, with 100 as the national average. There are over 20,000 dwelling units in North Myrtle Beach; and this number is expected to increase 15 percent over the next five years.
The median cost of a new home is $192,400; with the median monthly electric bill around $112. The average rent for a two-bedroom apartment is $560. The median age of residents is 48 years, with more than 25 percent being college graduates. The median family income is $46,052 a year.
