Myrtle Beach Area ACCRA Cost of Living Index
Every quarter ACCRA compiles and publishes its Cost of Living Index, a comparison of the cost of living in more
than 300 cities and areas across the country. Participating agencies such as chambers of commerce collect prices
on nearly 60 different products and services. In an effort to control random error in the analysis of the data,
agencies are expected to collect the same data at the same time for every quarter during the year.
Listed below are just a few examples of how Myrtle Beach compares with the rest of the nation. A composite
index score of 100 is the national average. (Data collected in January 2005)
How Myrtle Beach Compares To The Rest of the Nation
| Cities |
Composite
Index |
Grocery
Items |
Housing
Cost |
Utilities |
Transp-
ortation |
Health
Care |
Misc. Goods
/Services |
| New York,
N.Y. (Manhattan) |
203.9 |
142.6 |
373.2 |
153.4 |
113.6 |
138.4 |
131.6 |
| Washington, D.C. |
140.0 |
105.3 |
214.1 |
105.2 |
111.2 |
120.5 |
111.1 |
| Detroit, Mich. |
103.8 |
99.3 |
112.3 |
98.6 |
99.3 |
101.2 |
101.2 |
| W. Palm
Bch,
Fla. |
112.7 |
108.9 |
120.5 |
103.0 |
112.0 |
105.8 |
111.3 |
| Hilton Head, S.C. |
100.9 |
107.9 |
97.9 |
88.5 |
100.3 |
95.5 |
105.0 |
| Baton Rouge, La. |
102.1 |
106.3 |
93.4 |
118.5 |
94.1 |
99.0 |
105.5 |
| Wilmington, N.C. |
99.4 |
104.7 |
94.4 |
97.3 |
102.0 |
100.9 |
101.4 |
| Virginia
Bch., Va. |
97.1 |
94.2 |
94.8 |
115.4 |
96.9 |
96.9 |
94.9 |
| Charleston,
S.C. |
96.9 |
99.6 |
92.1 |
98.0 |
100.4 |
100.4 |
98.2 |
| Atlanta, Ga. |
96.0 |
95.0 |
91.6 |
86.7 |
106.3 |
110.4 |
98.3 |
| Raleigh,
N.C. |
93.8 |
102.6 |
75.8 |
102.6 |
107.4 |
109.5 |
97.6 |
| Myrtle
Beach, S.C. |
92.4 |
102.0 |
79.6 |
91.1 |
97.5 |
92.0 |
98.5 |
| Toledo,
Ohio |
97.2 |
102.4 |
83.4 |
112.7 |
105.0 |
91.3 |
100.9 |
| Greenville, S.C. |
93.9 |
103.3 |
86.3 |
93.1 |
97.7 |
97.9 |
95.6 |
| Knoxville,
Tenn. |
87.5 |
90.2 |
74.1 |
90.1 |
87.8 |
90.1 |
96.4 |
| Updated November 2007 |
| Source: ACCRA Cost of Living Index (data collected January 2005) |
Myrtle Beach Area Average Cost of Living Prices
| Average Apartment Rent |
$606 (two bedrooms, two baths, unfurnished, approx. 950 sq. ft., excluding utilities except water and sewer) |
| Average New Home Cost |
$219,470 (2,400 sq. ft. living area, conventionally built on site, three bedrooms, two baths, two-car garage) |
| Average Electric Bill |
$122.41 (based on 1,800 sq. ft. living area) |
| Average Phone Charges |
$24.50 (private residence, not including long distance service) |
Average Gasoline Price
per Gallon |
$1.68 (regular unleaded gasoline) |
| Average Price
of a Movie Ticket |
$7.63 (recent release, indoor theater, evening rates) |
| Updated November 2007 |
| Source: ACCRA Cost of Living Index (data collected January 2005) |
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