Quick facts: Murray, NE

Quick Facts

94.7
Cost of Living
below US average
489
Population
30.67
Crime Rate per 1000
above US average
$67,500
Median Income
below US average
$725,000
Median House Price
above US average
$800.0
Average Rent
below US average
5%
Poverty Rate
below US average
2.5%
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 $67,500.

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Income Needed to Buy

βœ— Stretch
$227k/year
Based on $725,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $227k vs median $67,500
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Income Needed to Rent

βœ“ Affordable
$34k/year
Based on $800.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($67,500) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Murray, NE

Murray is a small village located in Cass County, Nebraska, with a population of around 1,000 residents. Nestled approximately 20 miles southwest of Omaha, it offers a charming rural atmosphere while being close to urban amenities. The village is primarily residential, featuring a mix of single-family homes and some local businesses. Murray is known for its tight-knit community and small-town feel, making it an inviting place for families and individuals. The village is served by the Plattsmouth Community Schools, providing educational opportunities for local children. Outdoor enthusiasts can enjoy nearby parks and recreational areas, including walking trails and picnic spots. The serene environment and slower pace of life offer a perfect escape from the hustle and bustle of larger cities. Overall, Murray presents a unique blend of rural charm and convenient access to bigger city attractions, making it an appealing place for those seeking a quieter lifestyle in Nebraska.

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