Financial Literacy in Myrtle Beach, SC

About 40,535 people live in Myrtle Beach, South Carolina, making it among the larger communities in South Carolina, ranking 12th of 271 by population. The population has grown 12.7% since 2020, a pace fast enough to reshape who lives there, from 35,973 to 40,535. The median age is 47, skewing older, where the pressing questions shift toward retirement income, medical costs and passing things on.

34.1% of Myrtle Beach residents 25 and older have completed a bachelor's degree or more. That runs 14.6 points above the South Carolina average of 19.5%. Put the other way round: of the 28,927 adults 25 and over counted in the 2019–2023 ACS, roughly 19,063 — 65.9% — are building their financial lives without a four-year degree behind them.

The typical household here earns $53,679 a year. About 16.9% of residents live below the poverty line. The median home is valued at $347,700 — about 6.5× the median household income, a ratio that makes the arithmetic of a mortgage worth understanding before signing one.

Myrtle Beach by the numbers

What South Carolina teaches — and to whom

South Carolina has committed to 1 semester of personal finance as a graduation requirement, phasing in with the class of 2027 — so today's middle schoolers will be the first cohort held to it. That covers students still in the system. It does nothing for the adults already out of it — which, in Myrtle Beach, is most of the people reading this.

LearnLife organises this the way the decisions actually arrive: Money — budgeting, credit, debt and taxes — the mechanics nobody is formally taught; Legal literacy — leases, contracts, employment rights and what a signature actually commits you to; Emotional regulation — the self-management that decides whether the other skills ever get used.

Where to start in Myrtle Beach

Learn the mortgage arithmetic first

Homes in Myrtle Beach run about 6.5× median household income — well past the 3× rule of thumb. That makes amortisation, escrow, PMI and the true cost of a rate difference the most valuable arithmetic a resident can learn before signing anything.

Shift from accumulating to drawing down

With a median age of 47, a large share of Myrtle Beach is closer to drawing on savings than building them. The skills that matter shift accordingly: sequencing withdrawals, understanding Medicare's enrolment windows, and getting beneficiary designations and a will actually filled in.

Know the newcomer paperwork

Myrtle Beach has grown 12.7% since 2020. Fast in-migration means a lot of residents are navigating a new state's rules at once — registration and licensing deadlines, residency for tax purposes, and lease terms that differ from wherever they moved from.

Questions people ask about Myrtle Beach

Do high school students in Myrtle Beach, South Carolina have to take a personal finance class?

Yes — South Carolina has adopted a standalone requirement, phasing in with the graduating class of 2027. Students graduating before then are not covered.

How many adults in Myrtle Beach, South Carolina have a college degree?

34.1% of adults 25 and older hold a bachelor's degree or higher, based on the Census Bureau's 2019–2023 American Community Survey. The remaining 65.9% are managing their finances without one.

What is the median household income in Myrtle Beach, South Carolina?

$53,679, per the Census Bureau's 2019–2023 American Community Survey.

Where can adults in Myrtle Beach, South Carolina learn personal finance?

Graduation requirements only ever reach people still in school. For adults, LearnLife covers the same ground on demand — money, legal literacy and the self-management that decides whether either gets used.

Nearby in South Carolina

• Florence
• Spartanburg
• Hilton Head Island
• Sumter
• Fort Mill
• Greer
• Bluffton
• Goose Creek
• Aiken
• Summerville
• Anderson
• Greenville

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