Murphy, TX
Population 21,001 · Texas
About Murphy, TX
Murphy is a mid-sized city in Texas with a population of 21,001 residents. The median household income is $165,109 per year, which is above the national average. The median age in Murphy is 40 years.
Housing in Murphy has a median home value of $508,500 and median monthly rent of $2,640. Of the 5,922 total housing units, the majority are owner-occupied, with 5,329 owner-occupied and 578 renter-occupied units.
The unemployment rate in Murphy is 4.0% and the poverty rate is 2.2%. 56.9% of residents hold a bachelor's degree or higher. The average commute time is 32.5 minutes.
Cost of Living in Murphy, TX
Compared to national averages, Murphy has a median household income of $165,109 (120% above the national median of $75,149). Home values average $508,500, which is 108% above the national median. Monthly rent at $2,640 is 127% above the US average of $1,163. Within Texas, Murphy's income is 127% above the state average of $72,726, and home values are 140% above the state median of $211,769.
Why Live in Murphy, TX?
Murphy offers a strong local economy with a median household income of $165,109, well above the national average, and a well-educated community where 56.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $508,500. However, Murphy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Murphy has a population of 21,001 with a median age of 40 years. Compare Murphy with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Murphy
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Anna | 20,975 | $99,375 | $312,700 | Compare |
| Princeton | 20,966 | $96,766 | $310,700 | Compare |
| Brushy Creek | 20,953 | $137,630 | $451,500 | Compare |
| Fate | 20,757 | $129,500 | $361,100 | Compare |
| Stephenville | 21,345 | $55,504 | $226,300 | Compare |
| Ennis | 21,546 | $72,772 | $225,900 | Compare |
| Dickinson | 21,612 | $82,018 | $244,500 | Compare |
| Portland | 20,369 | $81,944 | $226,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Murphy
What is the population of Murphy, TX?
The population of Murphy, TX is 21,001 according to the latest Census data.
What is the median household income in Murphy?
The median household income in Murphy, TX is $165,109 per year.
What is the median home value in Murphy?
The median home value in Murphy, TX is $508,500.
What is the average rent in Murphy?
The median monthly rent in Murphy, TX is $2,640.
What is the unemployment rate in Murphy?
The unemployment rate in Murphy, TX is 4.0%.