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Increase your Buying Power

The Myrtle Beach area is currently in a buyer’s market along with most of the country.  With prices stable to falling is a great time to consider purchasing condos in Myrtle Beach.  Known for its 100 plus golf courses, tourist attractions, and cost of living Myrtle Beach is a top US vacation destination and retirement location.  For those from the north looking to vacation or relocate to Myrtle Beach SC, here are some comparisons to sway your decision:

 

Following table explanation:  $47,228 in Myrtle Beach has the equivalent buying power that $60,000 does in Baltimore. 

 

Salary

Comparable Myrtle Beach Salary

Baltimore

$60,000

$47,228

D.C.

$60,000

$40,135

Philadelphia

$60,000

$45,260

NYC(Manhattan)

$60,000

$27,354

 
 
 

Percentages represent Myrtle Beach’s basic necessities compared to the cities listed. 

 
 
 
NYC
 
Baltimore
 
D.C.
 
Phila.
 
Groceries

29.8% – Less

4.6%- Less

7.5%-Less

19.0%-Less

 
Housing

78.6% – Less

47.3%- Less

62.8%-Less

44.5%-Less

 
Utilities

38.5% – Less

22.7%- Less

23.9%-Less

22.0%-Less

 
Transportation

16.9% – Less

10.6%- Less

10.9%-Less

10.2%-Less

 
Healthcare

26.2% – Less

9.5%- Less

14.7%-Less

15.4%-Less

 
 

*Data is provided by ACCRA for Myrtle Beach SC, Baltimore, MD, District of Columbia, Philadelphia and New York City.

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This entry was posted on Thursday, June 19th, 2008 at 2:41 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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