Murphy, TX is a great place to call home with a variety of local companies and amenities. It has an average 2 bedroom rent rate of $2,360 compared to the US rate of $1,430. Additionally, the grocery cost index in Murphy is 104 versus 100 in the US. There are plenty of attractions such as golf courses, parks, swimming pools, and museums. Local companies include CVS Pharmacy, Walmart Supercenter, Kroger and Chili's Grill & Bar. Murphy also hosts exciting events throughout the year such as outdoor concerts and holiday celebrations. Shopping enthusiasts can visit stores like Trader Joe's or HomeGoods for unique finds at affordable prices. There are many restaurants scattered across Murphy that offer a range of cuisines from Indian to Italian. Overall, Murphy is a great area for families looking for an exciting place to live with all the modern conveniences they could need.
Murphy has an unemployment rate of 5.6%. The US average is 6.0%.
Murphy 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
- The Sales Tax Rate for Murphy is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Murphy 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
- The average income of a Murphy resident is $37,726 a year. The US average is $28,555 a year.
- The Median household income of a Murphy resident is $147,257 a year. The US average is $69,021 a year.