Cost of Living in Murphy, TX
Population 21,001 · Texas · Data vintage 2023
(100 = US avg)
Murphy sits on the smaller end of the Texas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 7 miles northeast of Richardson, Murphy falls within that metro's commuting orbit. Median home values run roughly 25% higher than Richardson's $406,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Murphy
The median home value in Murphy is $508,500 — 67% above the national median of $305,000. Median rent runs $2,640/month, 101% higher than the national median of $1,314/month. The median household income of $165,109/year is 121% higher than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 75.9°F and lows of 54.1°F. Overall, Murphy has a cost of living index of 180 versus the US average of 100, meaning it is 80% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 56 | 60 | 68 | 75 | 83 | 91 | 95 | 96 | 88 | 78 | 66 | 57 |
| Low °F | 34 | 38 | 46 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 44 | 36 |
| Precip" | 2.70 | 2.57 | 3.51 | 3.58 | 4.77 | 3.58 | 1.96 | 1.73 | 2.81 | 4.41 | 3.19 | 3.49 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Murphy, TX?
Murphy has a cost index of 180 (100 = national average). It is 80% above the national average.
What is average rent in Murphy, TX?
The median gross rent in Murphy is $2,640 per month based on 2023 Census data.
What is the average home price in Murphy?
The median home value in Murphy is $508,500 according to Zillow and Census data.
What is the median income in Murphy?
The median household income in Murphy is $165,109 per year (2023 ACS 5-year estimates).
What is the sales tax in Murphy, TX?
The combined state and local sales tax rate in Murphy is 8.2%. Texas has no state income tax.
Is Murphy, TX affordable?
Murphy is above average in cost of living, with an index of 180 — about 80% higher than the national average.
What is the weather like in Murphy?
Murphy has average high temperatures of 75.9°F and average lows of 54.1°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.
Murphy at a Glance
- Population
- 21,001
- Median Income
- $165,109
- Home Value
- $508,500
- Median Rent
- $2,640/mo
- Unemployment
- 4.0%
- Avg High Temp
- 75.9°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Texas Rankings
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