Murphy is a medium-sized city located in the state of Texas. With a population of 21,175 people and four associated neighborhoods, Murphy is the 140th largest community in Texas. Much of the housing stock in Murphy was built relatively recently. The construction of new real estate can often be taken as an indication that the local Murphy economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Murphy, where the median household income is $152,847.00.

Murphy home prices are not only among the most expensive in Texas, but Murphy real estate also consistently ranks among the most expensive in America.

Also of interest is that Murphy has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 27.96% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Murphy is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Murphy really has some of the features that families look for when choosing a good community to raise children. Is Murphy perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

In Murphy, however, the average commute to work is quite long. On average, people spend 31.61 minutes each day getting to work, which is significantly higher than the national average.

If knowledge is power, Murphy is a pretty powerful place. 55.10% of the adults in Murphy have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Murphy in 2018 was $46,829, which is wealthy relative to Texas and the nation. This equates to an annual income of $187,316 for a family of four. However, Murphy contains both very wealthy and poor people as well.

Murphy is an extremely ethnically-diverse city. The people who call Murphy home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Murphy residents report their race to be White, followed by Asian. Important ancestries of people in Murphy include Irish, English, German, European, and French.

Foreign born people are also an important part of Murphy's cultural character, accounting for 24.78% of the city’s population.

The most common language spoken in Murphy is English. Other important languages spoken here include Langs. of India and Vietnamese.