Murphy, Texas Income Statistics
Murphy Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A+
Murphy Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Murphy | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $175,298 | $78,939 | $80,455 |
| Median Personal Income | $93,814 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.7% | 4.6% | 4.8% |
| Six-Figure Earners | 26.4% | 13.0% | 13.9% |
| $200k+ Households | 38.9% | 12.5% | 13.2% |
The median household income in Murphy is about 122% higher than in Texas. Income has been growing faster in Murphy (5.7%/yr) than in Texas (4.6%/yr).
About 26% of adults in Murphy earn six figures ($100,000 or more) a year, higher than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Murphy, Texas grew by 67.8% from 2009 to 2024, reaching $175,298 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Murphy
| Metric | Murphy | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.570 | 0.552 |
| Male Median Income | $114,324 | $66,147 | $69,667 |
| Female Median Income | $77,807 | $53,058 | $56,850 |
| Gender Pay Gap | 31.9% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Murphy, it is 0.563, lower than Texas's 0.570, so income is more evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 47% more than women's income in Murphy, Texas. Over a 35-year career, a 47% wage gap accumulates to roughly $1,278,095 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Murphy, Texas has narrowed from about 37% to 32% in 2024. Over that period the gap was widest at 46% in 2022, and was narrowest at 27% in 2016. In dollar terms, the gap has widened by $7,426 since 2009.
Employment
| Metric | Murphy | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.2% | 5.2% |
| Working from Home | 32.6% | 14.4% | 15.0% |
| Commute time (minutes) | 31 | 22 | 22 |
Approximately 450 people are unemployed in Murphy, Texas.
The average commute time in Murphy is 31 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Murphy, Texas has fallen from 5.7% to 4.1% in 2024. Over that period the rate fell as low as 3.8% in 2023.
Murphy, TX Wealth Compared With Nearby Cities
How Murphy, TX compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Murphy, TX | 20,156 | $175,298 #1/2 | 5.7%/yr #1/2 | 4.1% #1/2 | 0.563 #2/2 |
| Sachse, TX | 27,449 | $129,076 | 4.3%/yr | 4.5% | 0.538 |
Conclusion
Considering all these factors, Murphy, Texas has an overall wealth index grade of A+, making it far better than Texas, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Murphy, Texas.
How Rich Is Murphy, Texas?
Murphy has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $175,298, about 122% higher than the Texas average of $78,939.
How fast is household income rising in Murphy, Texas?
Between 2009 and 2024, the median household income in Murphy, Texas rose 68%, from $104,494 to $175,298. Over the same years, income here outpaced Texas as a whole: +68% against +64%.
What was the median household income in Murphy in 2023?
In 2023, the median household income in Murphy, Texas was $163,385, up 8% from $151,886 in 2022. The Texas median that year was $76,528.
What was the median household income in Murphy in 2020?
In 2020, the median household income in Murphy, Texas was $135,460. By 2024 it had risen 29% to $175,298.
Do many residents of Murphy, Texas earn over $100,000?
Yes. 26% of adults in Murphy, Texas earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Texas. 39% of households have a combined income of $200,000 or more, compared with 12% in Texas.
Is unemployment high in Murphy, Texas?
Unemployment in Murphy, Texas is only 4.1%, well below the Texas rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Murphy, Texas?
The Gini coefficient in Murphy is 0.563. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Murphy, Texas?
Since 2009, the income gap between men and women in Murphy, Texas has narrowed from about 37% to 32% in 2024. Over that period the gap was widest at 46% in 2022, and was narrowest at 27% in 2016. In dollar terms, the gap has widened by $7,426 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →