salaryRent is higher than in 71% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 37.3 minutes each way. Most homes (82.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $81,800 a year. That is $39 an hour at a full-time job.
Is rent cheaper than other South Carolina cities?
No. Rent here is more expensive than in most of South Carolina. It is number 92 of 101 cities from cheapest to most expensive.
How much do households earn in Lake Murray of Richland?
Share of households by yearly income. 46.7% of households earn $100,000 or more.
Rent by apartment size in Lake Murray of Richland
| Size | Lake Murray of Richland | U.S. average |
|---|---|---|
| 2 bedrooms | $2,165 | $1,509 |
| 3 bedrooms | $2,062 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Murray of Richland overall?
Everyday prices in South Carolina overall are 6% below the U.S. average (index 93.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lake Murray of Richland, so the South Carolina figure is shown.
Taxes and bills in Lake Murray of Richland
Life in Lake Murray of Richland
Is it cheaper to rent or buy in Lake Murray of Richland?
Renting is cheaper right now: about $884 a month less.
Owning assumes a typical $422,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $42,210 for the down payment.
Frequently asked questions
What is the average rent in Lake Murray of Richland, SC?
Renting in Lake Murray of Richland costs a median of about $2,045 a month in 2026, including utilities. The South Carolina median is $1,479.
How much do I need to make to live in Lake Murray of Richland?
To keep rent under 30% of income, you need about $81,800 a year, or $39 an hour at a full-time job.
Is Lake Murray of Richland cheap or expensive?
Lake Murray of Richland is rated Cheap: rent takes 19.1% of the typical household income of $128,457. It ranks 92nd cheapest of 101 South Carolina cities we track.
How much are property taxes in Lake Murray of Richland?
The median homeowner in Lake Murray of Richland pays $2,774 a year in property taxes, about 0.66% of the median home value.
Is Lake Murray of Richland more expensive than the national average?
Overall prices in South Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lake Murray of Richland?
The median home value in Lake Murray of Richland is $422,100, about 3.3 times the typical yearly household income.
7,023 people live in Lake Murray of Richland. Numbers are typical (middle) values.