To ensure human safety against electromagnetic exposures from wireless power transfer (WPT) systems operating at MHz-band frequencies, a compliance test must be conducted using either numerical simulations or measurements. In practice, measurements of the specific absorption rate (SAR) inside a human-equivalent liquid phantom are required for exposure evaluation. However, accurate measurements of SAR are difficult, especially at a location close to the phantom boundary, owing to the boundary effect, caused by the field disturbance due to the SAR probe itself. Hence, it is necessary to use an extrapolation method to determine the internal electric field or SAR. In this study, we propose a new extrapolation expression based on the characteristic of electromagnetic fields inside the phantom in order to estimate internal electric field strength or SAR. The validity of the proposed expression was demonstrated both numerically and experimentally. From the results, we confirmed that the difference in the internal electric field strength inside a liquid phantom was less than 3% between our proposed extrapolation expression and the method of moments (MoM). For SAR measurements using two types of actual WPT systems, i.e., solenoid and flat-spiral types, we found that the proposed expression can be used to evaluate the spatial peak 10-g average SAR with a difference of less than 30% compared with those numerically obtained by MoM.