Living near the beach often comes with a high price tag, but there are still plenty of towns that you can call home without breaking the bank too much. GOBankingRates compiled a list of the 35 most affordable beach towns you can afford to living in right now, and one in South Carolina made the list:
Myrtle Beach is one of the cheapest beach towns that you can afford to call home. According to the site, the median cost for a home in this coastal town is $299,700, while the overall cost of living index is 87.4.
Here is how the list was compiled:
"To find the cheapest beach towns you can afford to live in, GOBankingRates gathered a list of beach towns from across the United States, and for each city, a number of factors were found from Sperlings BestPlaces, including cost of living indexes for groceries, healthcare, housing, utilities, transportation and miscellaneous expenses. Each index was multiplied by its respective national average expenditure cost from the Bureau of Labor Statistics Consumer Expenditure Survey for all consumers. GOBankingRates calculated the total annual expenditure cost for each city, sorting them to show the cheapest beach towns you can afford to live in."
Check out GOBankingRate 's full report to see more of the most affordable beach towns to live in around the U.S.
Photo Credit: Robbie Bischoff
Explore Living the South Carolina "Hammock Coast" lifestyle from Myrtle Beach to Georgetown, and Beyond!
1232-B Farrow Parkway
Myrtle Beach, SC 29577