Cost of Living in Murray, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.0
100 = national avg
-15.0 vs national average
Living Wage (1 Adult)
$37,400
per year
Living Wage (Family of 4)
$88,400
per year
Cost Index by Category
Housing68.8
Food96.1
Transportation92.2
Healthcare96.9
Utilities91.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$803
per month
2 Bedroom
$919
per month
The overall cost of living index in Murray is 85.0, which is 15.0% below the national average. Housing costs are below the national average at an index of 68.8. A single adult needs to earn approximately $37,400 per year to cover basic expenses.