Overall
- Monroe
- 93.5
Diff -0.1 RPP
Myrtle Beach-Conway-North Myrtle Beach vs Monroe
Cost of living comparison based on BEA Regional Price Parities. Monroe is 0.2% less expensive than Myrtle Beach-Conway-North Myrtle Beach.
0.2% less expensive
Monroe, MI is 0.2% less expensive than Myrtle Beach-Conway-North Myrtle Beach, SC on BEA Regional Price Parities (overall RPP 93.5 vs 93.6). A $100,000 salary in Myrtle Beach-Conway-North Myrtle Beach buys about the same as $99,840 in Monroe; the largest component gap is rents.
- Overall RPP 93.6 (Myrtle Beach-Conway-North Myrtle Beach) vs 93.5 (Monroe)
- $100k in Myrtle Beach-Conway-North Myrtle Beach ≈ $99,840 purchasing power in Monroe
- Rents drives the gap (-8.5 RPP points)
RPP parity plate
Pair SC:MI 93.6→93.5
PHOTO-FINISH · CROSS-STATE · SPLIT-BUDGET · BOTH-BELOW · PP-PAR
- PHOTO-FINISH Photo finish
- CROSS-STATE SC × MI
- SPLIT-BUDGET Split budget
- BOTH-BELOW Both below 100
- PP-PAR PP near-par
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Myrtle Beach-Conway-North Myrtle Beach
93.6
Cost Index
Monroe
93.5
Cost Index
What This Comparison Actually Tells You
Myrtle Beach-Conway-North Myrtle Beach, SC and Monroe, MI are a photo finish on overall price level, only 0.1 RPP points apart. A salary conversion is therefore a fine adjustment, not evidence of a fundamentally different cost regime.
Rents creates the largest separation: Monroe is 8.5 points lower. But services move against the overall direction, so this is a split budget rather than a clean across-the-board winner.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
Both metros remain below the U.S. benchmark of 100. This comparison chooses between two below-average price levels; “more expensive” here does not mean nationally expensive.
For a housing-sensitive move, validate the rent gap first: HUD Fair Market Rent and the actual unit size can overturn what the blended index implies. On the BEA ratio alone, $100,000 in Myrtle Beach-Conway-North Myrtle Beach corresponds to $99,840 in Monroe.
Category Breakdown
Goods
- Monroe
- 93.7
Diff -2.6 RPP
Services
- Monroe
- 93.7
Diff +5.7 RPP
Rents
- Monroe
- 74.6
Diff -8.5 RPP
| Category | Myrtle Beach-Conway-North Myrtle Beach | Monroe | Difference |
|---|---|---|---|
| Overall | 93.6 | 93.5 | -0.1 |
| Goods | 96.3 | 93.7 | -2.6 |
| Services | 88.0 | 93.7 | +5.7 |
| Rents | 83.1 | 74.6 | -8.5 |
Visual Comparison
Overall
Myrtle Beach-Conway-North Myrtle Beach 93.6
Monroe 93.5
Goods
Myrtle Beach-Conway-North Myrtle Beach 96.3
Monroe 93.7
Services
Myrtle Beach-Conway-North Myrtle Beach 88.0
Monroe 93.7
Rents
Myrtle Beach-Conway-North Myrtle Beach 83.1
Monroe 74.6
Vertical line = national average (100)
Salary Equivalents
What a salary in Myrtle Beach-Conway-North Myrtle Beach would need to be in Monroe for the same purchasing power:
| In Myrtle Beach-Conway-North Myrtle Beach | In Monroe | Difference |
|---|---|---|
| $50,000 | $49,920 | $-80 |
| $75,000 | $74,880 | $-120 |
| $100,000 | $99,840 | $-160 |
| $150,000 | $149,760 | $-240 |
$ in Myrtle Beach-Conway-North Myrtle Beach = in Monroe
Same BEA Regional Price Parity ratio as the table above (93.6 → 93.5), computed live from your number, nothing is sent anywhere.
Frequently Asked Questions
Is Monroe more expensive than Myrtle Beach-Conway-North Myrtle Beach?
Monroe is 0.2% less expensive than Myrtle Beach-Conway-North Myrtle Beach. The overall cost index is 93.5 vs 93.6 (national average = 100).
What salary in Monroe equals $100K in Myrtle Beach-Conway-North Myrtle Beach?
A $100,000 salary in Myrtle Beach-Conway-North Myrtle Beach has the same purchasing power as $99,840 in Monroe. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Myrtle Beach-Conway-North Myrtle Beach and Monroe?
Rents in Myrtle Beach-Conway-North Myrtle Beach are indexed at 83.1 while Monroe is at 74.6 (national average = 100). Myrtle Beach-Conway-North Myrtle Beach has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.