Lake Murray of Richland 66 Good
Lake Murray of Richland Livability #106 ranked city in South Carolina#11,232 ranked city in the USARanks better than 61% of areas

Pros and Cons of Living in Lake Murray of Richland

PROS
  • Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

  • Ratings

    Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.

CONS
  • Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

  • Commute

    Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.

  • Cost Of Living

    Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.

  • Health & Safety

    Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.

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What's it like Living in Lake Murray of Richland?

Lake Murray of Richland is a smaller city located in the state of South Carolina. The city has a population of 6,672 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (88% White). Given that fact, Lake Murray of Richland could be considered less diverse than other cities. An important consideration when living in Lake Murray of Richland is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 33 minutes, far surpassing the national average of 26 minutes.

Living in Lake Murray of Richland can be a great experience for anyone moving to the town. Having said that, in the state of South Carolina, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Lake Murray of Richland and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, commute, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the South Carolina and national averages.

Lake Murray of Richland, SC receives 65/100 for its livability score; this results in a ranking of #97 in South Carolina and #10,612 in the USA. There are nine total categories that form the livability score. Lake Murray of Richland ranks well for crime (A) and housing (A+) Lake Murray of Richland does not fare well for the following: amenities (F) and cost of living (F). It might be a smart idea to take a closer look at each category to find out why.

The unemployment rate in Lake Murray of Richland has consistently declined over the years and currently stands well below the national average at 2.4%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.

Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lake Murray of Richland market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Lake Murray of Richland is actually affordable. The median home price for Lake Murray of Richland homes is $357,600, which is 149% higher than the South Carolina average. If we take a closer look at the affordability of homes in Lake Murray of Richland, we’ll see that the home price to income ratio is 3.5, which is 12.9% higher than the South Carolina average.

Best Places to Live in and Around Lake Murray of Richland

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How Do You Rate The Livability In Lake Murray of Richland?

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Compare Lake Murray of Richland, SC Livability

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      Lake Murray of Richland transportation information

      Statistic Lake Murray of Richland South Carolina National
      Average one way commute33min24min26min
      Workers who drive to work89.9%82.8%76.4%
      Workers who carpool4.3%9.3%9.3%
      Workers who take public transit0.0%0.6%5.1%
      Workers who bicycle0.0%0.3%0.6%
      Workers who walk0.0%2.2%2.8%
      Working from home4.1%3.6%4.6%
      Source: The Lake Murray of Richland, SC data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).