Cost of Living in Murrells Inlet, SC

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B-
10%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
38%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Murrells Inlet South Carolina National
Cost of living11094100
Groceries10099100
Health care9798100
Housing13881100
Transportation9799100
Utilities100101100
Lifestyle & Entertainment9898100
Household Items9999100
Education & Childcare9998100
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Homes For Sale In Murrells Inlet, SC

property for sale

5201 Sweetwater Blvd

Murrells Inlet, SC
property for sale

920 S Waccamaw Dr #2304

Murrells Inlet, SC
property for sale

903 Winston Trl

Murrells Inlet, SC
property for sale

221 Addison Cottage Way

Murrells Inlet, SC

Cost Of Living Quick Facts

  • The cost of living in Murrells Inlet is 18% higher than the South Carolina average
  • The cost of living in Murrells Inlet is 10% higher than the national average
  • Murrells Inlet housing is 38% higher than the national average
  • South Carolina general sales tax is 18% higher than the national average
  • South Carolina state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Murrells Inlet

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$92,419$7,702$2,156$2,773
      Renters$62,726$5,227$1,464$1,882
      The affordability of the housing market in Murrells Inlet, SC as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Murrells Inlet homeowners, the median income is $92,419. This indicates that a monthly maximum of $2,156 should be spent by homeowners on all housing related costs. Renters have a median income of $62,726. This indicates that renters would have a maximum of $1,464 for their rent related monthly costs.

      South Carolina Sales Tax

      State General Sales Tax With Max Surtax
      South Carolina 6% 9%

      South Carolina Income Tax

      State Income Tax (Low) Income Tax (High)
      South Carolina 0% 6.5%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bucksport, SC6218416.1%
      Georgetown, SC9,156955.3%
      Garden City, SC11,443973.0%
      Socastee, SC26,401981.7%
      Forestbrook, SC7,8531043.8%
      Murrells Inlet, SC9,62611010.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Minto, ON9,623n/a 
      Audubon, PA9,62012423.9%
      Murillo, TX9,633927.6%
      Monticello, AR9,6188415.7%
      Carencro, LA9,636973.5%
      Murrells Inlet, SC9,62611010.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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