| Index | Murray | Utah | National |
| Cost of living | 117 | 105 | 100 |
| Groceries | 103 | 101 | 100 |
| Health care | 100 | 101 | 100 |
| Housing | 155 | 113 | 100 |
| Transportation | 100 | 101 | 100 |
| Utilities | 102 | 101 | 100 |
| Lifestyle & Entertainment | 99 | 102 | 100 |
| Household Items | 101 | 102 | 100 |
| Education & Childcare | 101 | 105 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Murray? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Murray stands at 117, making it 17% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs are a very significant part of the Murray cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 54.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Murray an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Murray is 69.9% higher than the national average, while the average monthly rent prices are 19.2% higher than average. The affordability of any location can also be influenced by median income levels. Murray has a median household income of $98,798, which is 21.5% higher than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Murray, the utilities index is 1.9% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Murray, is 54.7% higher than the national average.
The Murray cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $118,464 | $9,872 | $2,764 | $3,554 |
| Renters | $72,146 | $6,012 | $1,683 | $2,165 |
| State | General Sales Tax | With Max Surtax |
| Utah | 6.1% | 8.35% |
| State | Income Tax (Low) | Income Tax (High) |
| Utah | 4.85% | 4.85% |
| City | Population | Cost of Living Index | National Avg. |
| Copperton, UT | 856 | 106 | 6.0% |
| Magna, UT | 27,938 | 109 | 9.4% |
| Kearns, UT | 37,458 | 109 | 9.5% |
| West Valley City, UT | 140,970 | 110 | 10.3% |
| South Salt Lake, UT | 25,758 | 110 | 10.4% |
| Murray, UT | 50,780 | 117 | 17.2% |
| City | Population | Cost of Living Index | National Avg. |
| Wilson, NC | 50,769 | 93 | 6.9% |
| Cerritos, CA | 50,765 | 186 | 85.9% |
| Harrisburg, PA | 50,810 | 87 | 12.6% |
| San Jacinto, CA | 50,682 | 122 | 21.9% |
| West Lafayette, IN | 50,904 | 103 | 2.8% |
| Murray, UT | 50,780 | 117 | 17.2% |
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