Cost Of Living in Murphy, MO

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Murphy	Missouri	National
Cost of living	91	88	100
Goods & Services	92	92	100
Groceries	97	95	100
Health care	89	90	100
Housing	83	78	100
Transportation	94	91	100
Utilities	102	99	100

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Cost Of Living Quick Facts

The cost of living in Murphy is 3% higher than the Missouri average
The cost of living in Murphy is 9% lower than the national average
Murphy housing is 17% lower than the national average
Missouri general sales tax is 17% lower than the national average
Missouri state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$69,073	$5,756	$1,612	$2,072
Renters	$35,821	$2,985	$836	$1,075

To approximate the cost of living and the housing affordability in Murphy, MO, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Murphy have a median income of $69,073. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,612 per month to avoid calamity and poverty. The renters in the city have an income of about $35,821, which would make their monthly maximum allowable rental costs $836.

Missouri Sales Tax

State	General Sales Tax	With Max Surtax
Missouri	4.225%	10.85%

Missouri Income Tax

State	Income Tax (Low)	Income Tax (High)
Missouri	2%	4.95%

Goods & Services

Item	Murphy	National avg.	Difference
Haircut	$21.19	$24.26	12.7%
Beauty Salon	$40.57	$45.56	11.0%
Toothpaste	$3.75	$3.70	1.3%
Shampoo	$1.11	$1.28	13.3%
Movie	$11.28	$12.13	7.1%
Bowling	$16.92	$18.00	6.0%

Groceries

Item	Murphy	National avg.	Difference
Ground Beef	$6.40	$5.84	9.7%
Fried Chicken	$1.36	$1.57	13.3%
Milk	$4.50	$4.67	3.7%
Potatoes	$5.28	$4.93	6.9%
Pizza	$10.84	$12.09	10.3%
Beer	$9.47	$10.41	9.1%

Health Care

Item	Murphy	National avg.	Difference
Optometrist	$125.72	$125.68	0.0%
Doctor	$124.51	$135.78	8.3%
Dentist	$100.78	$113.29	11.0%
Ibuprofen	$10.14	$10.65	4.8%
Lipitor	$520.16	$468.60	11.0%

Housing

Item	Murphy	National avg.	Difference
Home Price	$144,300.00	$184,700.00	21.9%
Avg. Mortgage Payment	$1,737.43	$2,346.69	26.0%
Apartment Rent	$895.00	$949.00	5.7%

Transportation

Item	Murphy	National avg.	Difference
Gasoline	$3.20	$3.46	7.6%
Tire Balancing	$50.00	$59.92	16.6%

Utilities

Item	Murphy	National avg.	Difference
All Electricity	$133.84	$193.99	31.0%
Phone	$188.69	$192.25	1.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Peaceful Village, MO	92	67	32.5%
East Carondelet, IL	317	77	23.2%
Wellston, MO	1,891	79	20.7%
Velda Village Hills, MO	869	80	20.3%
Velda City, MO	1,421	80	19.7%
Murphy, MO	8,373	91	9.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Miles City, MT	8,372	100	0.1%
Bogota, NJ	8,375	135	35.2%
Highland Heights, OH	8,375	115	15.0%
Fort Stockton, TX	8,378	88	11.8%
Albion, MI	8,380	79	21.4%
Murphy, MO	8,373	91	9.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Murphy, MO