Murphy, NC is a small town located in the Blue Ridge Mountains of North Carolina. With a population of around 1,500 people it's an ideal place to settle down and enjoy some peace and quiet. The cost of living in Murphy is quite low. Rent for a two bedroom place is only $830 compared to the US average of $1,430, while grocery costs are around 97 compared to 100 in the US. In terms of local amenities, Murphy has plenty on offer. There are numerous stores such as Walmart or Murphy Outlet Mall where you can buy clothes, groceries and more. For outdoor enthusiasts there are several hiking trails as well as camping spots around Nantahala National Forest or Lake Hiwassee. The town also boasts several restaurants such as Shuler’s BBQ and Café Eolian for those who want to sample some local cuisine.
Murphy has an unemployment rate of 4.8%. The US average is 6.0%.
Murphy has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Murphy
- The Sales Tax Rate for Murphy is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Murphy is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Murphy
- The average income of a Murphy resident is $14,392 a year. The US average is $28,555 a year.
- The Median household income of a Murphy resident is $32,486 a year. The US average is $69,021 a year.