Murphy, TX
21,188Residents
$175,699Median household income
$2,847/moMedian gross rent
$555,500Median home value
41.7Median age
62%Adults with a bachelor’s degree or higher
94%Homes lived in by their owners
3.2×Home value to household income
Median rent takes about 19% of the median household income in Murphy.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $114,000 a year. In Texas that leaves roughly $7,419 a month after tax. See the full paycheck breakdown for $110,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.