Affordable

What Salary Do You Need to Live in Murphy?

To afford a 2-bedroom in Murphy, you need to earn at least $113,440/year based on estimated fair market rent data. The median household income here is $152,847, which means the typical resident is $39,407 above the threshold.

Census ACS Data Pop. 20,880

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,985	$6,617	$79,400	$-73,447
1 Bedroom	$2,354	$7,847	$94,160	$-58,687
2 Bedroom BENCHMARK	$2,836	$9,453	$113,440	$-39,407
3 Bedroom	$3,460	$11,533	$138,400	$-14,447
4 Bedroom	$4,254	$14,180	$170,160	+$17,313

Affordability Breakdown

Where the required salary line crosses above Murphy's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$152,847

Annual household

2BR Required Salary

$113,440

Under 30% rule

Income Gap

+$39,407

Surplus

Verdict

Affordable

Ratio: 22.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Murphy

Your Annual Salary

Pre-filled with Murphy's median household income

Max monthly rent you can afford$3,821

Studio

$1,985/mo

1 BR

$2,354/mo

2 BR

$2,836/mo

3 BR

$3,460/mo

4 BR

$4,254/mo

Your salary is $0 above the median income in Murphy.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Murphy's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Murphy

Murphy, Texas stands out as one of the more financially accessible housing markets in the state. The median household income of $152,847 significantly exceeds the $113,440 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $39,407 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Murphy, a studio at $1,985/month offers an even more aggressive savings rate. Even a 3-bedroom at $3,460/month remains accessible for dual-income households earning above $138,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $170,160 would position you well — though many residents in Murphy manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Murphy, Texas.

With a total population of 20,880, the city supports an active civilian workforce of 9,683 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $113,440 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

9,683

Active civilian employees in Murphy

Frequently Asked Questions About Renting in Murphy

What salary do I need to live in Murphy, Texas?

To afford a 2-bedroom in Murphy under the 30% rule, you need an annual salary of at least $113,440. The median household income in Murphy is $152,847.

Can I afford a 2-bedroom in Murphy on $152,847?

The affordability verdict for Murphy is "Affordable". The rent-to-income ratio is 22.3%, meaning median earners have a $39,407 surplus.

What is the average rent in Murphy compared to median income?

The median gross rent in Murphy is $2,354/month. With a median household income of $152,847, residents spend approximately 22.3% of their income on rent.

What salary do I need for a studio in Murphy?

A studio in Murphy rents for approximately $1,985/month. Under the 30% rule, you need an annual salary of $79,400 to afford this.

Is Murphy considered an affordable place to live?

Based on the surplus of $39,407 and an affordability verdict of "Affordable", Murphy is considered a affordable rental market when comparing the required 2-bedroom salary of $113,440 to the local median household income.

How Murphy Compares

Other cities in Texas with salary requirements