Murrells Inlet, SC

Average · 108

South Carolina · Population 10,087 · Updated March 2026

$1,702
Median Rent / Month
$75,438
Median Income
$355,800
Median Home Value
$1,163
Owner Costs / Month

Affordability

How far your income goes in Murrells Inlet

27.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in South Carolina

State-level tax rates that affect your costs

6.4%
Income Tax (Top Rate)
6.0%
Sales Tax
0.57%
Property Tax Rate

Estimated Annual Costs

$20,424
Annual Rent
$4,828
State Income Tax
$2,028
Property Tax (est.)

Cost of Living Overview

Murrells Inlet is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 108 (where 100 equals the national median), Murrells Inlet residents can expect to pay median rent of $1,702/month while earning a median household income of $75,438/year.

The median home value in Murrells Inlet, SC is $355,800, with typical monthly owner costs around $1,163 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.1%, Murrells Inlet falls within the generally affordable range, though it's approaching the 30% burden threshold.

South Carolina has a moderate income tax rate of 6.4%. Combined with a 6.0% sales tax rate and 0.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Murrells Inlet.

Frequently Asked Questions

Common questions about living costs in Murrells Inlet

What is the cost of living in Murrells Inlet, SC?
The cost of living index in Murrells Inlet, SC is 108 (US average = 100). Median monthly rent is $1,702, median household income is $75,438/year, and the median home value is $355,800.
Is Murrells Inlet, SC affordable?
No, Murrells Inlet is more expensive than the national average with a cost index of 108. The rent-to-income ratio is 27.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Murrells Inlet, SC?
The median gross rent in Murrells Inlet, SC is $1,702 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,424.
What is the median household income in Murrells Inlet?
The median household income in Murrells Inlet, SC is $75,438 per year. This compares to the national median of approximately $80,000.
What are the taxes like in South Carolina?
South Carolina has a top income tax rate of 6.4%, a sales tax of 6.0%, and an effective property tax rate of 0.57%.