Housing costs in Murphy?
A typical home costs
$557,200, which is 64.8% more expensive than the national average of
$338,100 and 87.2% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Murphy costs
$2,370 per month, which is 85.2% more than the national average of
$1,280 and 35.4% more than the state average of
$1,530.
Can I afford Murphy?
To live comfortably in Murphy (zip 75094), Texas, a minimum annual income of
$106,920 for a family, and
$80,400 for a single person is recommended.
What does A.I. say about Murphy?
Living in 75094 Murphy, TX can be quite affordable. The cost of living is lower than the national average, making it a great option for those looking for an affordable place to live. The median home price in Murphy is well below the national average at only $227,400 compared to $231,200 nationally. Rent is also very reasonable with a median rent of $1,382 per month versus a national average of $1,465. Additionally, groceries and utilities are slightly cheaper than the US average and gas prices are often lower than other places in Texas. All in all, living in 75094 Murphy can be a great choice for those looking for an affordable place to call home.