To be exact - It smells like water from a swamp. Hard to satisfy your thirst by drinking that nasty smell
Municipal water in Florida often has the smell of sulfur, due to the presence of sulfur -- and if I'm remembering correctly, a relative who works at the state equivalent of the EPA told me that it's common in coastal areas due to byproducts of bacteria in the water table. But it's completely harmless.
I can only speak for Florida, though.
There is no doubt that it is not good water. It is so high in salt content that the avocado growers complain about using it. If all you're doing is trying to stay alive then by all means, drink up.