salaryRent is lower than in 78% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (80.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $46,720 a year. That is $22 an hour at a full-time job.
Is rent cheaper than other Missouri cities?
Yes. Rent here is cheaper than in most of Missouri. It is number 56 of 142 cities from cheapest to most expensive.
How much do households earn in Murphy?
Share of households by yearly income. 20.5% of households earn $100,000 or more.
Rent by apartment size in Murphy
| Size | Murphy | U.S. average |
|---|---|---|
| 1 bedroom | $843 | $1,324 |
| 2 bedrooms | $1,145 | $1,509 |
| 3 bedrooms | $1,429 | $1,698 |
| 4 bedrooms | $1,505 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Murphy overall?
Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Murphy, so the Missouri figure is shown.
Taxes and bills in Murphy
Life in Murphy
Is it cheaper to rent or buy in Murphy?
Renting is cheaper right now: about $114 a month less.
Owning assumes a typical $184,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,470 for the down payment.
Frequently asked questions
What is the average rent in Murphy, MO?
Renting in Murphy costs a median of about $1,168 a month in 2026, including utilities. The Missouri median is $1,285.
How much do I need to make to live in Murphy?
To keep rent under 30% of income, you need about $46,720 a year, or $22 an hour at a full-time job.
Is Murphy cheap or expensive?
Murphy is rated Cheap: rent takes 18.0% of the typical household income of $77,903. It ranks 56th cheapest of 142 Missouri cities we track.
How much are property taxes in Murphy?
The median homeowner in Murphy pays $1,503 a year in property taxes, about 0.81% of the median home value.
Is Murphy more expensive than the national average?
Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Murphy?
The median home value in Murphy is $184,700, about 2.4 times the typical yearly household income.
8,285 people live in Murphy. Numbers are typical (middle) values.