Living in Murray, Iowa
Cost of living, income, home prices, rent and demographics of Murray · Census data 2020–2024
Murray has 614 residents with a median age of 31.5. The median household income is $65,500 (13% lower than the Iowa median), the median home value is $80,800, the median rent is $831/month.
Murray is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Murray at a glance
- Population
- 614
- Median age
- 31.5State: 38.6
- Median household income
- $65,500State: $75,059
- Median home value
- $80,800State: $208,000
- Median rent
- $831/moState: $972
- Homeowners
- 83.9%
- Bachelor's degree or higher
- 18.9%
- Average commute
- 28 min
Is Murray a good place to live?
Pros: Home values 61% lower than the state median; unemployment of 1.8%; a poverty rate of 8%.
Cons: Median household income 13% lower than the Iowa median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Murray
Housing is the biggest part of the cost of living. In Murray the median home value is $80,800, 76% lower than the U.S. median. Renters pay a median of $831 per month, which is 42.5% of household income. Homeowners with a mortgage pay $1,266 a month in housing costs.
Murray median household income
The median household income in Murray is $65,500 and the income per person is $39,133. 8% of residents live below the poverty line (Iowa: 11.1%).
Housing in Murray: homes for sale and rent
- Housing units
- 250
- Owner-occupied
- 83.9%
- Renter-occupied
- 16.1%
- Vacant
- 12.8%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.82
Murray demographics
- Population
- 614
- Median age
- 31.5
- Under 18
- 30.8%
- 65 and older
- 13.7%
- Households
- 218
- Foreign-born
- 7.3%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Murray ›
Education in Murray
18.9% of adults 25 and older in Murray have a bachelor's degree or higher (Iowa: 31.4%), and 6.9% have a graduate or professional degree.
Jobs and commute in Murray
- Unemployment rate
- 1.8%State: 3.6%
- Average commute
- 28 minState: 20 min
- Work from home
- 2.5%
- Drive alone
- 72.4%
- Public transit
- 0%
- Walk to work
- 2.5%
- Homes with broadband
- 85.8%
Murray vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Murray | 614 | $65,500 | $80,800 | $831 |
| Lorimor | 319 | $45,500 | $68,600 | $833 |
| Osceola | 5,523 | $68,284 | $146,300 | $943 |
| Truro | 518 | $78,750 | $195,100 | $888 |
| Afton | 817 | $54,545 | $95,300 | $590 |
| Van Wert | 188 | $74,375 | $66,800 | $775 |
| Sun Valley Lake | 163 | $135,521 | $637,000 | — |
| New Virginia | 587 | $77,188 | $180,600 | $971 |
| Grand River | 166 | $40,156 | $40,000 | — |
More for people moving to Murray
Murray ZIP code ›Weather and climate ›Living in Murray: FAQ
What is the median household income in Murray, IA?
The median household income in Murray is $65,500, 13% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Murray?
The median home value in Murray is $80,800, compared with $208,000 in Iowa.
How much is rent in Murray?
The median gross rent in Murray is $831 per month, about 42.5% of household income.
Is Murray, IA a good place to live?
Pluses: home values 61% lower than the state median; unemployment of 1.8%; a poverty rate of 8%. Minuses: median household income 13% lower than the Iowa median; an average commute of 28 minutes.
What is the median age in Murray?
The median age in Murray is 31.5 years (Iowa: 38.6).
How long is the commute in Murray?
The average commute to work in Murray is 28 minutes; 2.5% of workers work from home.
What is the unemployment rate in Murray?
The unemployment rate in Murray is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Murray?
18.9% of adults in Murray have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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