Murray Hill, KY
Population 589 · Kentucky
About Murray Hill, KY
Murray Hill is a small community located in Kentucky with a population of 589 residents according to the latest US Census Bureau American Community Survey data. The median household income is $115,625 per year, which is 54% above the national median of $75,149. The median age of 49.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Murray Hill features a median home value of $385,200, which is 57% above the national median of $244,900. This places Murray Hill in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,536, 118% above the national average of $1,163/month. Of the 255 total housing units, 68% are owner-occupied (162 units) and 32% are renter-occupied (75 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Murray Hill shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 3.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Murray Hill have an average one-way commute time of 18.8 minutes, one of the shorter commutes in the region.
Education & Demographics
48.9% of Murray Hill residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 1.0% of the population being foreign-born.
How Murray Hill Ranks in Kentucky
Cost of Living in Murray Hill, KY
Compared to national averages, Murray Hill has a median household income of $115,625 (54% above the national median of $75,149). Home values average $385,200, which is 57% above the national median. Monthly rent at $2,536 is 118% above the US average of $1,163. Within Kentucky, Murray Hill's income is 74% above the state average of $66,273, and home values are 111% above the state median of $182,504.
Why Live in Murray Hill, KY?
Murray Hill offers a strong local economy with a median household income of $115,625, well above the national average, and a well-educated community where 48.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.1%, better than the national average. Additionally, the city features short commute times averaging just 18.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $385,200. However, Murray Hill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Murray Hill has a population of 589 with a median age of 49.3 years. Compare Murray Hill with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Murray Hill
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Artemus | 587 | $25,179 | $87,300 | Compare |
| Drakesboro | 586 | $41,500 | $76,900 | Compare |
| Kuttawa | 594 | $63,750 | $268,900 | Compare |
| Chaplin | 583 | $80,250 | $167,400 | Compare |
| Green Spring | 581 | $168,750 | $425,000 | Compare |
| Sonora | 597 | $50,417 | $178,400 | Compare |
| Hustonville | 600 | $40,625 | $121,600 | Compare |
| Betsy Layne | 573 | $31,648 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Murray Hill With Other Cities
Frequently Asked Questions about Murray Hill
What is the population of Murray Hill, KY?
The population of Murray Hill, KY is 589 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Murray Hill?
The median household income in Murray Hill, KY is $115,625 per year, which is 54% above the national median of $75,149.
What is the median home value in Murray Hill?
The median home value in Murray Hill, KY is $385,200, which is 57% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Murray Hill?
The median monthly rent in Murray Hill, KY is $2,536, which is 118% above the national average of $1,163/month.
What is the unemployment rate in Murray Hill?
The unemployment rate in Murray Hill, KY is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Murray Hill, KY a good place to live?
Murray Hill offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 589 and a median age of 49.3, the city appeals to established professionals and retirees.
How educated is Murray Hill, KY?
48.9% of residents in Murray Hill aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Murray Hill?
Key cost-of-living indicators for Murray Hill, KY: median home value is $385,200 (57% above national), median rent is $2,536/month, and median household income is $115,625. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Murray Hill?
The poverty rate in Murray Hill, KY is 3.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Murray Hill, KY?
Murray Hill's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.5% two or more races. 1.0% of residents are foreign-born.