Murchison, TX is a small town located in North Texas, approximately an hour away from Dallas. It is a tight-knit community with a population of around 500 people. Living costs are notably lower than those of the US as a whole; the average rent for a two bedroom apartment is $930 compared to the US average of $1,430, and the grocery cost index is 95 compared to 100 in the US. The town is home to several small businesses, such as Murchison Grocery Company, Murchison Printing Solutions, and Jean's Hair Salon.
Murchison has an unemployment rate of 6.5%. The US average is 6.0%.
Murchison has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Murchison
- The Sales Tax Rate for Murchison is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Murchison 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 Murchison
- The average income of a Murchison resident is $22,540 a year. The US average is $28,555 a year.
- The Median household income of a Murchison resident is $53,750 a year. The US average is $69,021 a year.