Lake Murray of Richland, SC
Population 7,057 · South Carolina
About Lake Murray of Richland, SC
Lake Murray of Richland is a small town located in South Carolina with a population of 7,057 residents according to the latest US Census Bureau American Community Survey data. The median household income is $118,435 per year, which is 58% above the national median of $75,149. The median age of 46.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Murray of Richland features a median home value of $378,900, which is 55% above the national median of $244,900. This places Lake Murray of Richland in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,682, 45% above the national average of $1,163/month. Of the 3,056 total housing units, 79% are owner-occupied (2,304 units) and 21% are renter-occupied (598 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Murray of Richland shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Murray of Richland have an average one-way commute time of 36 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
46.9% of Lake Murray of Richland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.1% White, 0.1% Hispanic or Latino, 0.5% Black or African American, and 1.8% Asian residents, with 4.1% of the population being foreign-born.
How Lake Murray of Richland Ranks in South Carolina
Cost of Living in Lake Murray of Richland, SC
Compared to national averages, Lake Murray of Richland has a median household income of $118,435 (58% above the national median of $75,149). Home values average $378,900, which is 55% above the national median. Monthly rent at $1,682 is 45% above the US average of $1,163. Within South Carolina, Lake Murray of Richland's income is 102% above the state average of $58,738, and home values are 87% above the state median of $202,187.
Why Live in Lake Murray of Richland, SC?
Lake Murray of Richland offers a strong local economy with a median household income of $118,435, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 46.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $378,900. However, Lake Murray of Richland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Murray of Richland has a population of 7,057 with a median age of 46.6 years. Compare Lake Murray of Richland with other cities to see how it stacks up, or explore all cities in South Carolina.
Similar Cities Near Lake Murray of Richland
Cities in South Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clover | 7,013 | $66,992 | $236,100 | Compare |
| Burton | 7,132 | $57,315 | $198,300 | Compare |
| Homeland Park | 6,944 | $38,079 | $101,400 | Compare |
| Valley Falls | 7,249 | $55,671 | $229,600 | Compare |
| Centerville | 6,860 | $66,912 | $212,800 | Compare |
| Bennettsville | 6,798 | $40,889 | $82,700 | Compare |
| Hartsville | 7,422 | $47,720 | $188,800 | Compare |
| Welcome | 7,439 | $61,948 | $164,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Murray of Richland With Other Cities
Frequently Asked Questions about Lake Murray of Richland
What is the population of Lake Murray of Richland, SC?
The population of Lake Murray of Richland, SC is 7,057 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in South Carolina.
What is the median household income in Lake Murray of Richland?
The median household income in Lake Murray of Richland, SC is $118,435 per year, which is 58% above the national median of $75,149.
What is the median home value in Lake Murray of Richland?
The median home value in Lake Murray of Richland, SC is $378,900, which is 55% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Murray of Richland?
The median monthly rent in Lake Murray of Richland, SC is $1,682, which is 45% above the national average of $1,163/month.
What is the unemployment rate in Lake Murray of Richland?
The unemployment rate in Lake Murray of Richland, SC is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Murray of Richland, SC a good place to live?
Lake Murray of Richland offers above-average incomes, a competitive housing market, and a strong job market. With a population of 7,057 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Lake Murray of Richland, SC?
46.9% of residents in Lake Murray of Richland aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Murray of Richland?
Key cost-of-living indicators for Lake Murray of Richland, SC: median home value is $378,900 (55% above national), median rent is $1,682/month, and median household income is $118,435. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Murray of Richland?
The poverty rate in Lake Murray of Richland, SC is 0.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Murray of Richland, SC?
Lake Murray of Richland's population is 0.1% White, 0.1% Hispanic or Latino, 0.5% Black or African American, 1.8% Asian, and 8.4% two or more races. 4.1% of residents are foreign-born.