What is the cost of living in Murphy, TX?
According to the most recent data on the cost of living, Murphy has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Texas, Murphy has a cost of living index that's 1.4x higher than Texas's index of 93.
The standard of living in Murphy ranks as #394 most affordable out of the 419 places we measured in Texas. By definition, that implies Murphy ranks as the #25 most expensive place in the Lone Star State.
For more reading on life in Murphy, check out:
Murphy Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Murphy. Here is how it fares on each of the criteria:
The Services index in Murphy is 94.
The Groceries index in Murphy is 98.
The Health index in Murphy is 211.
The Housing index in Murphy is 99.
The Transportation index in Murphy is 99.
The Utilities index in Murphy is 102.
| Living Expense | Murphy | Texas | National Average |
|---|---|---|---|
| Overall | 131 | 93 | 100 |
| Services | 94 | 100 | 100 |
| Groceries | 98 | 99 | 100 |
| Health | 211 | 81 | 100 |
| Housing | 99 | 97 | 100 |
| Transportation | 99 | 103 | 100 |
| Utilities | 102 | 100 | 100 |
Murphy Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Murphy Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Murphy, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Murphy is $571,960.
The Median Rent in Murphy is $2,847.
The Median Income in Murphy is $175,699.
The Home Value To Income in Murphy is 3.3x.
The Rent To Monthly Income in Murphy is 0.19x.
Murphy, TX Costs By Category
Detailed Murphy Services costs vs. Texas
Detailed Murphy Groceries costs vs. Texas
Detailed Murphy Health costs vs. Texas
Detailed Murphy Transportation costs vs. Texas
Murphy SnackAbility
Cost Of Living In Cities Around Murphy
The cost of living varies in the cities and towns around Murphy. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 120, 0.9x Murphy.
Garland, TX has a cost of living index of 100, 0.8x Murphy.
Frisco, TX has a cost of living index of 133, 1.0x Murphy.
| City | Population | Cost Of Living | Vs. Murphy |
|---|---|---|---|
| Plano, TX | 290,594 | 120 | 0.9x |
| Garland, TX | 246,844 | 100 | 0.8x |
| Frisco, TX | 219,304 | 133 | 1.0x |
| McKinney, TX | 210,600 | 122 | 0.9x |
| Carrollton, TX | 133,740 | 113 | 0.9x |
| Richardson, TX | 118,731 | 116 | 0.9x |
| Allen, TX | 110,265 | 120 | 0.9x |
| Rowlett, TX | 65,463 | 111 | 0.8x |
| Wylie, TX | 60,334 | 115 | 0.9x |
| The Colony, TX | 45,454 | 111 | 0.8x |
