Murphy, TX 75094 is a small town in Collin County with a great cost of living. The 2 bedroom rent in this area is $2,370 compared to the US average of $1,430, and the grocery cost index is 104 versus 100 in the US. There are many local businesses that add to Murphy's economy such as Walmart, Home Depot, and Aldi Supermarket. Additionally, there are plenty of restaurants to choose from such as Chick-Fi-A, Mexican Corner Restaurant and Barley & Board. Whether you're looking for shopping or dining experiences for all ages, Murphy offers something for everyone.
Murphy (zip 75094) has an unemployment rate of 5.6%. The US average is 6.0%.
Murphy (zip 75094) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.6%, which is higher than the US average of 33.5%.
Tax Rates for Murphy (zip 75094)
- The Sales Tax Rate for Murphy (zip 75094) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Murphy (zip 75094) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Murphy (zip 75094)
- The average income of a Murphy (zip 75094) resident is $38,546 a year. The US average is $28,555 a year.
- The Median household income of a Murphy (zip 75094) resident is $146,773 a year. The US average is $69,021 a year.