Housing costs in Murphy?
A typical home costs
$562,300, which is 66.3% more expensive than the national average of
$338,100 and 88.9% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Murphy costs
$2,360 per month, which is 65.0% more than the national average of
$1,430 and 45.8% more than the state average of
$1,280.
Can I afford Murphy?
To live comfortably in Murphy, Texas, a minimum annual income of
$107,640 for a family, and
$80,000 for a single person is recommended.
What does A.I. say about Murphy?
The cost of living in Murphy, TX is relatively low when compared to other areas in the country. It is estimated that on average, a family of four can comfortably live off a household income of $60,000 per year or less. Goods such as groceries, clothing and gas are much more affordable than in many other parts of the country. Housing costs are also significantly lower than other cities — while rental rates for one-bedroom apartments vary between $800 and $1,200 per month, homeownership costs are modest and range from around $125,000 to just over $200,000. Overall, the cost of living in Murphy makes it an attractive option for families looking for an affordable place to call home.