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Murphy, Texas

city · Collin County

At a glance

21,188
Population
$555,500
Median home value (all homes)
83% above U.S. median
$573,140
Typical market value
Zillow, 2026-07
$2,847/mo
Median rent
111% above U.S. median
$175,699
Median household income
124% above U.S. median
32.2 min
Average commute
97.3%
Homes with broadband
91.32%
Locations with fiber available
4.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 127 — 27% above the national average. how it's computed

Housing101% above
Goods & services1% above
Utilities32% above
Taxes57% below
Insurance25% above
Commute cost6% above
For business: Texas is CBII band 3/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college8 mi
Nearest community college9 mi
Nearest technical college5 mi
High school graduates94.5%
College graduates62.1%

Doing business here

Economic development contacts, most local first:

city Murphy
state Office of the Governor (Texas)
Texas Economic Development Corporation (TxEDC) markets Texas as the premier destination for business and provides information to help businesses explore opportunities in Texas. It supports the Governor’s Office of Economic Development and Tourism in promoting Texas as a premier destination for business.
state Texas Economic Development
The Texas Economic Development & Tourism Office offers resources for Texas businesses, communities and residents, as well as those looking to do business in Texas. Our office publishes in-depth reports on the economy of Texas and the state’s targeted growth industries. We also offer a number of events throughout the year, covering a wide range of business-related topics—everything from getting started in the state to growing your business internationally.
State sales taxYes
State income taxNone
Right-to-work stateYes

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