Murrells Inlet, SC Cost Of Living
Cost Of Living In Murrells Inlet, SC Summary
Cost of living in Murrells Inlet research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Murrells Inlet is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Murrells Inlet is 111, with 100 being the average.
The cost of living index in Murrells Inlet is 1.1x higher than the national average.
Murrells Inlet ranks as the #85 cheapest in South Carolina out of 99.
Murrells Inlet ranks as the #3,765 cheapest out of 6,489 in the US.
The median home value in Murrells Inlet is $393,986.
The median income in Murrells Inlet is $75,438.
Table Of Contents
Murrells Inlet's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Murrells Inlet, SC?
According to the most recent data on the cost of living, Murrells Inlet has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to South Carolina, Murrells Inlet has a cost of living index that's 1.2x higher than South Carolina's index of 93.
The standard of living in Murrells Inlet ranks as #85 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Murrells Inlet ranks as the #14 most expensive place in the Palmetto State.
For more reading on life in Murrells Inlet, check out:
In South Carolina
In America
Murrells Inlet Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Murrells Inlet. Here is how it fairs on each of the criteria:
The Services index in Murrells Inlet is 98.
The Groceries index in Murrells Inlet is 103.
The Health index in Murrells Inlet is 91.
The Housing index in Murrells Inlet is 135.
The Transportation index in Murrells Inlet is 90.
The Utilities index in Murrells Inlet is 122.
| Living Expense | Murrells Inlet | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 111 | 93 | 100 | |
| Services | 98 | 102 | 100 | |
| Groceries | 103 | 97 | 100 | |
| Health | 91 | 92 | 100 | |
| Housing | 135 | 81 | 100 | |
| Transportation | 90 | 92 | 100 | |
| Utilities | 122 | 109 | 100 | |
Murrells Inlet, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Murrells Inlet is $393,986.
The Median Rent in Murrells Inlet is $1,702.
The Median Income in Murrells Inlet is $75,438.
The Home Value To Income in Murrells Inlet is 5.2x.
The Rent To Monthly Income in Murrells Inlet is 0.27x.
| Statistic | Murrells Inlet | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $393,986 | $302,294 | $303,400 |
| Median Rent | $1,702 | $1,126 | $1,348 |
| Median Income | $75,438 | $66,818 | $78,538 |
| Home Value To Income | 5.2x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Murrells Inlet, SC Costs By Category
Detailed Murrells Inlet Services Costs Vs. South Carolina
| Item | Murrells Inlet | South Carolina |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $11.3 | $12.13 |
| Bowling | $19.43 | $18 |
| Haircut | $26.38 | $24.26 |
| Beauty Salon | $56.15 | $45.56 |
Detailed Murrells Inlet Groceries Costs Vs. South Carolina
| Item | Murrells Inlet | South Carolina |
|---|---|---|
| Ground Beef | $6.22 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.59 | $4.67 |
| Potatoes | $5.51 | $4.93 |
| Pizza | $10.83 | $12.09 |
| Beer | $10.61 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
Detailed Murrells Inlet Health Costs Vs. South Carolina
| Item | Murrells Inlet | South Carolina |
|---|---|---|
| Optometrist | $78.1 | $125.68 |
| Doctor | $137.5 | $135.78 |
| Dentist | $97.17 | $113.29 |
Detailed Murrells Inlet Transportation Costs Vs. South Carolina
| Item | Murrells Inlet | South Carolina |
|---|---|---|
| Gasoline | $3.18 | $3.46 |
| Tire Balancing | $46.64 | $59.92 |
Detailed Murrells Inlet Utilities Costs Vs. South Carolina
| Item | Murrells Inlet | South Carolina |
|---|---|---|
| All Electricity | $258.5 | $193.99 |
| Phone | $194.25 | $192.25 |
Murrells Inlet SnackAbility
/10
Cost Of Living In Cities Around Murrells Inlet
The cost of living varies in the cities and towns around Murrells Inlet. Here's a quick look at the cost of living in the most populous nearby places:
Myrtle Beach, SC has a cost of living index of 107, 1.0x Murrells Inlet.
Conway, SC has a cost of living index of 97, 0.9x Murrells Inlet.
Socastee, SC has a cost of living index of 96, 0.9x Murrells Inlet.
| City | Population | Cost Of Living | Vs. Murrells Inlet |
|---|---|---|---|
| Myrtle Beach, SC | 37,214 | 107 | 1.0x |
| Conway, SC | 26,082 | 97 | 0.9x |
| Socastee, SC | 24,629 | 96 | 0.9x |
| North Myrtle Beach, SC | 19,343 | 110 | 1.0x |
| Red Hill, SC | 16,480 | 101 | 0.9x |
| Little River, SC | 10,457 | 100 | 0.9x |
| Georgetown, SC | 8,511 | 94 | 0.8x |
| Forestbrook, SC | 7,450 | 105 | 0.9x |
| Marion, SC | 6,338 | 90 | 0.8x |
