Murphy cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMurphyNorth CarolinaNational
Cost of living index8095100
IndexMurphyNorth CarolinaNational
Goods & Services index87100100
Groceries index9199100
Health care index85105100
Housing index6687100
Transportation index8194100
Utilities index8497100

Did you know?

  • The cost of living in Murphy is 16% lower than the North Carolina average.
  • The cost of living in Murphy is 20% lower than the national average.
  • The cost of housing in Murphy is 34% lower than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$33,536$2,795$782$1,006
Renters$12,083$1,007$282$363

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%

Goods & Services

ItemMurphyNational avg.Difference
Haircut $13.97$15.5610.3%
Beauty Salon $21.44$36.1140.6%
Toothpaste $2.25$2.479.0%
Shampoo $1.02$0.965.7%
Movie $9.89$10.132.3%
Bowling $3.88$4.7418.2%

Groceries

ItemMurphyNational avg.Difference
Ground Beef $3.48$3.9812.7%
Fried Chicken $1.19$1.4115.5%
Milk $2.55$2.0623.4%
Potatoes $3.03$2.981.5%
Pizza $8.94$9.475.7%
Beer $7.95$8.799.5%

Health Care

ItemMurphyNational avg.Difference
Optometrist $111.00$101.049.9%
Doctor $70.03$107.4434.8%
Dentist $70.33$90.4222.2%
Ibuprofen $9.27$9.280.1%
Lipitor $464.35$426.508.9%

Housing

ItemMurphyNational avg.Difference
Home Price $127,500.00$175,700.0027.4%
Avg. Mortgage Payment $877.02$1,133.2322.6%
Apartment Rent $460.00$920.0050.0%

Transportation

ItemMurphyNational avg.Difference
Gasoline $1.57$1.9921.0%
Tire Balancing $39.70$45.7613.2%

Utilities

ItemMurphyNational avg.Difference
All Electricity$132.10$163.8119.4%
Phone $25.15$28.3911.4%
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, StatePopulationCost of Living IndexNational Avg.
Andrews, NC1,95975-25%
Marble, NC24978-22%
Hayesville, NC39381-19%
Young Harris, GA1,04090-10%
Mineral Bluff, GA8190-10%
Murphy, NC2,10080-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake City, AR2,10078-22%
Noank, CT2,10014444%
Dryden, NY2,10095-5%
Ellaville, GA2,09982-18%
Englishtown, NJ2,10112828%
Murphy, NC2,10080-20%
Source: The Murphy, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.