Quick facts: Murray, KY

Quick Facts

99.8
Cost of Living
below US average
17,522
Population
17.75
Crime Rate per 1000
below US average
$37,421
Median Income
below US average
$150,000
Median House Price
above US average
$1074.55
Average Rent
below US average
Poverty rate Data is updating, will be available soon
3.8%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $37,421.

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Income Needed to Buy

βœ— Stretch
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $47k vs median $37,421
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Income Needed to Rent

⚠ Stretch
$46k/year
Based on $1074.55/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $46k vs median $37,421
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Murray, KY

Murray, Kentucky, is a charming city located in the southwestern part of the state, known for its vibrant community and rich cultural heritage. As the county seat of Calloway County, Murray boasts a population of around 19,000 residents and offers a mix of small-town hospitality and modern amenities. The city is home to Murray State University, which adds a youthful energy and diverse activities to the area, including cultural events, sporting activities, and educational opportunities. The region is also characterized by its beautiful landscapes, with ample parks and outdoor recreational spaces, such as the nearby Land Between the Lakes National Recreation Area, perfect for hiking, fishing, and wildlife observation. Murray's downtown area features a variety of unique shops, restaurants, and local businesses, enhancing the community's vibrant atmosphere. The city hosts several annual events, including the Murray Pumpkin Festival, which attracts visitors from all over. With its strong sense of community, educational resources, and recreational options, Murray serves as an inviting place to live, work, and play.

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