Murphy, MO is a small city located in the north-eastern region of Missouri. One of the main benefits of living in Murphy is the low cost of living. The rent for a two bedroom apartment is only $970 per month, significantly lower than the US average of $1,430. Additionally, grocery costs are also considerably lower than the national index at 99 compared to 100 in the US.
Murphy boasts a variety of local companies like Central Bank and Trust Co., Murphy Manufacturing company, and A&M Mechanical Contractors Inc. as well as several local attractions such as Valley View Golf Course and Swinging Bridge Conservation Area. With its low cost of living and its many businesses and attractions, Murphy can be an ideal place to live for those looking for a more affordable lifestyle.
Murphy has an unemployment rate of 4.4%. The US average is 6.0%.
Murphy has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Murphy
- The Sales Tax Rate for Murphy is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Murphy is 5.9%. 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 $22,900 a year. The US average is $28,555 a year.
- The Median household income of a Murphy resident is $60,553 a year. The US average is $69,021 a year.