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Murphy has a population of approximately 1,659 and experiences a population change rate of 5.80%. The population density is 650.6 / sq mi .
The median household income for Murphy is $32,486, with 783 households and an average household size of 1.98.
The median value of a home in Murphy is $271,400 with an appreciation rate of 23.40%. 37.33% of housing in the state is owned while 42.97% is rented.
The cost of living in Murphy is 86.5 %.
The unemployment rate in Murphy is 3.50%, and recent job growth is at 0.42%. Future job growth is projected at 43.59%.
The sales tax rate in Murphy is 7.00%, while the income tax rate is 4.99% .
School expenditures in Murphy are $12,498, and the school ratio is 12:1.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 25.2 degrees. The average rainfall is approximately 59.9 inches per year, with 4 inches of snow per year.
