Cost of Living in Murphy, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.3
100 = national avg
-32.7 vs national average
Living Wage (1 Adult)
$29,619
per year
Living Wage (Family of 4)
$70,007
per year
Cost Index by Category
Housing65.1
Food78.3
Transportation53.7
Healthcare82.6
Utilities80.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$713
per month
2 Bedroom
$935
per month
The overall cost of living index in Murphy is 67.3, which is 32.7% below the national average. Housing costs are below the national average at an index of 65.1. A single adult needs to earn approximately $29,619 per year to cover basic expenses.