Murphy, Texas Demographics & Population 2026
During the 2020–2024 ACS period, Murphy, Texas had a total population of 21,188, the 154th largest city in Texas, with a median household income of $175,699, which is 124% higher than the state average. The poverty rate is 3.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 124% above the state average — one of the wealthiest communities in Texas.
- An exceptionally low poverty rate of 3.0% — among the lowest in Texas.
- 62.1% of adults hold a bachelor's degree or higher — top 10% in Texas.
Murphy Quick Facts
How Murphy Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 21,001 | 21,188 | +0.9% |
| Median household income | $165,109 | $175,699 | +6.4% |
| Median home value | $508,500 | $555,500 | +9.2% |
How Murphy Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 67 | National average: 61
Education
Educational Attainment (Adults 25+)
Murphy Rankings in Texas
Explore Texas Rankings
Other Cities in Collin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Plano | 290,594 | $112,253 | 6.8% | $465,900 |
| Frisco | 219,304 | $150,212 | 3.5% | $642,100 |
| McKinney | 210,600 | $124,215 | 5.7% | $471,800 |
| Allen | 110,265 | $130,901 | 6.1% | $464,100 |
| Prosper | 37,869 | $195,281 | 5.5% | $823,700 |
| Celina | 34,268 | $170,894 | 4.7% | $509,600 |
| Princeton | 25,229 | $105,200 | 4.1% | $331,000 |
| Anna | 24,330 | $105,593 | 7.8% | $351,700 |
| Melissa | 20,136 | $138,763 | 1.9% | $454,000 |
| Royse City | 20,037 | $116,660 | 7.3% | $322,500 |
Cities Similar to Murphy
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lakeway | 19,307 | $190,060 | $841,300 | 74.0% | 2.5% |
| Melissa | 20,136 | $138,763 | $454,000 | 52.6% | 1.9% |
| Steiner Ranch | 18,619 | $190,523 | $826,500 | 73.7% | 2.4% |
| Cinco Ranch | 18,611 | $161,972 | $475,600 | 71.2% | 7.3% |
| Sienna | 24,992 | $177,837 | $470,100 | 66.1% | 1.5% |
Population Overview
Murphy is a small city located in Texas, within Collin County. The total population is 21,188. It ranks as the 154th most populous out of 1,795 Census-designated places in Texas.
Age Demographics
The median age in Murphy is 41.7 years. This is 17% higher than the state median of 35.6 years. With 29.0% of the population under 18, Murphy has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Murphy is $175,699. This is 124% higher than the state median of $78,476. It is also 118% higher than the national median of $80,734. The poverty rate stands at 3.0%. This is 78% lower than the state poverty rate of 13.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 4.2%. This is 21% lower than the state rate of 5.3%. The median home value is $555,500. Housing costs are 96% higher than the state median of $283,800. The home-value-to-income ratio is 3.2x. 93.7% of occupied housing units are owner-occupied. This homeownership rate is 50% higher than the state average of 62.6%.
Race & Ethnicity
The largest racial or ethnic group in Murphy is White (non-Hispanic), making up 51.4% of the population. Asian residents account for 32.4%. The Hispanic or Latino population (4.5%) is well below the state average of 39.7%. The Asian population is significantly higher than the state average (32.4% vs 5.5%).
Education
62.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Murphy in the top 10% of all cities in the state for educational attainment. This is 84% higher than the state rate of 33.8%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.5%. Notably, 28.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Murphy, Texas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,795 Census-designated places in Texas. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Murphy, Texas?
Murphy, Texas has a population of 21,188 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Murphy, TX?
The median household income in Murphy is $175,699, which is 118% higher than the national median of $80,734.
What is the poverty rate in Murphy, TX?
The poverty rate in Murphy is 3.0%. This means approximately 644 residents live below the federal poverty line.
What is the racial makeup of Murphy, Texas?
Murphy's population is 51.4% White, 7.0% Black, 4.5% Hispanic/Latino, and 32.4% Asian.
What is the median home value in Murphy, TX?
The median home value in Murphy is $555,500. The home-value-to-income ratio is 3.2x.
How educated is Murphy, Texas?
62.1% of adults (25+) in Murphy hold a bachelor's degree or higher, and 28.1% hold a graduate or professional degree.