Murphy, TX
Population 21,001 · Texas
About Murphy, TX
Murphy is a mid-sized city located in Texas with a population of 21,001 residents according to the latest US Census Bureau American Community Survey data. The median household income is $165,109 per year, which is 120% above the national median of $75,149. The median age of 40 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Murphy features a median home value of $508,500, which is 108% above the national median of $244,900. This places Murphy in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,640, 127% above the national average of $1,163/month. Of the 5,922 total housing units, 90% are owner-occupied (5,329 units) and 10% are renter-occupied (578 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Murphy shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 2.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Murphy have an average one-way commute time of 32.5 minutes.
Education & Demographics
56.9% of Murphy 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 1.9% White, 0.9% Hispanic or Latino, 0.2% Black or African American, and 0.9% Asian residents, with 25.5% of the population being foreign-born.
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.
Compare Murphy With Other Cities
Frequently Asked Questions about Murphy
What is the population of Murphy, TX?
The population of Murphy, TX is 21,001 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Murphy?
The median household income in Murphy, TX is $165,109 per year, which is 120% above the national median of $75,149.
What is the median home value in Murphy?
The median home value in Murphy, TX is $508,500, which is 108% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Murphy?
The median monthly rent in Murphy, TX is $2,640, which is 127% above the national average of $1,163/month.
What is the unemployment rate in Murphy?
The unemployment rate in Murphy, TX is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Murphy, TX a good place to live?
Murphy offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 21,001 and a median age of 40, the city appeals to a broad range of residents.
How educated is Murphy, TX?
56.9% of residents in Murphy 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 Murphy?
Key cost-of-living indicators for Murphy, TX: median home value is $508,500 (108% above national), median rent is $2,640/month, and median household income is $165,109. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Murphy?
The poverty rate in Murphy, TX is 2.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Murphy, TX?
Murphy's population is 1.9% White, 0.9% Hispanic or Latino, 0.2% Black or African American, 0.9% Asian, and 10.8% two or more races. 25.5% of residents are foreign-born.