Cost of Living in Murphy, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
241.1
100 = national avg
+141.1 vs national average
Living Wage (1 Adult)
$106,085
per year
Living Wage (Family of 4)
$250,747
per year
Cost Index by Category
Housing298.1
Food176.2
Transportation252.4
Healthcare161.0
Utilities185.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,648
per month
2 Bedroom
$1,931
per month
The overall cost of living index in Murphy is 241.1, which is 141.1% above the national average. Housing costs are above the national average at an index of 298.1. A single adult needs to earn approximately $106,085 per year to cover basic expenses.