salaryRent is lower than in 82% of U.S. cities. A typical house costs about 4.1 years of household income. Commutes are short, about 12.3 minutes. Most households rent (58%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $44,160 a year. That is $21 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
Yes. Rent here is cheaper than in most of Kentucky. It is number 34 of 87 cities from cheapest to most expensive.
How much do households earn in Murray?
Share of households by yearly income. 12.0% of households earn $100,000 or more.
Rent by apartment size in Murray
| Size | Murray | U.S. average |
|---|---|---|
| Studio | $726 | $1,338 |
| 1 bedroom | $720 | $1,324 |
| 2 bedrooms | $992 | $1,509 |
| 3 bedrooms | $1,312 | $1,698 |
| 4 bedrooms | $1,528 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Murray overall?
Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Murray, so the Kentucky figure is shown.
Taxes and bills in Murray
Life in Murray
Is it cheaper to rent or buy in Murray?
Renting is cheaper right now: about $249 a month less.
Owning assumes a typical $195,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,500 for the down payment.
Frequently asked questions
What is the average rent in Murray, KY?
Renting in Murray costs a median of about $1,104 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in Murray?
To keep rent under 30% of income, you need about $44,160 a year, or $21 an hour at a full-time job.
Is Murray cheap or expensive?
Murray is rated OK: rent takes 27.9% of the typical household income of $47,552. It ranks 34th cheapest of 87 Kentucky cities we track.
How much are property taxes in Murray?
The median homeowner in Murray pays $1,535 a year in property taxes, about 0.79% of the median home value.
Is Murray more expensive than the national average?
Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Murray?
The median home value in Murray is $195,000, about 4.1 times the typical yearly household income.
18,080 people live in Murray. Numbers are typical (middle) values.