The cost of living index in Murphy, TX, reveals that housing costs are 13% above the nationwide average, standing at 113 compared to the baseline of 100. This increase suggests that job seekers should consider the higher expenses in housing when evaluating living costs in Murphy, TX. Other categories, such as groceries, utilities, transportation, healthcare, and miscellaneous expenses, remain close to or slightly below the national average, showing a more balanced cost structure outside of housing.
Murphy, TX, shows a mixed picture when compared to the nationwide cost of living average, which is set at 100. In terms of housing, Murphy’s cost index stands at 113. This means housing prices are 13% higher than the national average. Those looking to buy or rent in Murphy should expect to allocate more of their budget to housing.
Other costs in Murphy, however, remain closer to the national average. For groceries, Murphy has an index of 95, suggesting a 5% decrease compared to the national average. Similarly, the transportation index at 97 means costs are only 3% below the average. Utilities are nearly average with an index of 101, showing a minimal 1% increase. Healthcare costs also mirror the national average at 95, indicating no significant difference. Finally, miscellaneous costs sit at 102, a slight 2% increase. Altogether, while housing is more expensive, Murphy offers competitive prices in other living expenses.
