Murphy, TX, shows a cost of living index that is slightly below the nationwide average. The overall cost of living index for Murphy stands at 98, which is 2% lower than the national average of 100. This suggests that residents in Murphy may find it slightly more affordable in some areas compared to the rest of the country.
Specifically, housing costs are 5% below the average, while groceries and utilities are close to the national average. Transportation and miscellaneous costs also mirror the national figures, making Murphy a competitive option for those seeking a balanced living experience.
Murphy, TX, presents a cost of living that is slightly below the nationwide average. The housing index in Murphy stands at 95, which is 5% lower than the national average of 100. This suggests that housing costs in Murphy are more affordable for residents and job seekers. Similarly, groceries in Murphy are priced at 98, which is 2% below the national average. This indicates that everyday food expenses are also relatively lower compared to the rest of the country.
Utilities in Murphy are slightly above the national average, with an index of 101, representing a 1% increase. Transportation costs in Murphy are at 97, which is 3% below the national average. This means that commuting and other transportation-related expenses are more economical in Murphy. Healthcare costs, however, are slightly higher, with an index of 102, indicating a 2% increase compared to the national average. Miscellaneous expenses in Murphy are at 99, which is at par with the national average. Overall, Murphy offers a cost of living that is mostly favorable for those considering relocation, with notable savings in housing and groceries.
