Cost of Living in Lake Murray of Richland, SC
Population 7,057 · South Carolina · Data vintage 2023
(100 = US avg)
Lake Murray of Richland is a smaller South Carolina community of around 7000 residents, where median household incomes of $118,435 and housing costs ($379,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Lake Murray of Richland sits roughly 20 miles west of Columbia. Median home values run roughly 56% higher than Columbia's $244,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Murray of Richland
The median home value in Lake Murray of Richland is $378,900 — 24% above the national median of $305,000. Median rent runs $1,682/month, 28% higher than the national median of $1,314/month. The median household income of $118,435/year is 59% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. South Carolina's top state income tax rate is 6.4% and the combined sales tax is 7.5%. The climate averages highs of 75.6°F and lows of 52.9°F, with about 1.2" of annual snowfall. Overall, Lake Murray of Richland has a cost of living index of 126 versus the US average of 100, meaning it is 26% more expensive.
Lake Murray of Richland has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 57 | 61 | 68 | 77 | 84 | 90 | 93 | 91 | 86 | 77 | 66 | 59 |
| Low °F | 35 | 37 | 44 | 52 | 61 | 69 | 72 | 71 | 65 | 53 | 42 | 37 |
| Precip" | 3.49 | 3.39 | 3.57 | 2.83 | 3.49 | 4.97 | 5.35 | 4.65 | 3.91 | 3.13 | 2.76 | 3.70 |
| Snow" | 0.6 | 0.4 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Murray of Richland, SC?
Lake Murray of Richland has a cost index of 126 (100 = national average). It is 26% above the national average.
What is average rent in Lake Murray of Richland, SC?
The median gross rent in Lake Murray of Richland is $1,682 per month based on 2023 Census data.
What is the average home price in Lake Murray of Richland?
The median home value in Lake Murray of Richland is $378,900 according to 2023 Census ACS data.
What is the median income in Lake Murray of Richland?
The median household income in Lake Murray of Richland is $118,435 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Murray of Richland, SC?
The combined state and local sales tax rate in Lake Murray of Richland is 7.5%. The South Carolina state income tax top rate is 6.4%.
Is Lake Murray of Richland, SC affordable?
Lake Murray of Richland is above average in cost of living, with an index of 126 — about 26% higher than the national average.
What is the weather like in Lake Murray of Richland?
Lake Murray of Richland has average high temperatures of 75.6°F and average lows of 52.9°F. Annual precipitation is 45.2". Average annual snowfall is 1.2". Data from NOAA 1991–2020 Climate Normals.
Lake Murray of Richland at a Glance
- Population
- 7,057
- Median Income
- $118,435
- Home Value
- $378,900
- Median Rent
- $1,682/mo
- Unemployment
- 3.5%
- Avg High Temp
- 75.6°F
- Sales Tax
- 7.5%
Nearby Cities
Explore county-level cost of living data
South Carolina Rankings
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