Murphy, TX's Data
About Murphy, TX's
Murphy is a small, affluent city located in Collin County, Texas, part of the Dallas-Fort Worth metroplex. Originally settled in the 1840s, Murphy thrived as a farming community, benefiting from its position on the St. Louis Southwestern Railway. The city was incorporated in 1958 and has since seen significant growth as a suburban community with a high quality of life, characterized by its low crime rates, excellent schools, and proximity to major urban centers.
Things To Do in Murphy, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Murphy, TX
Murphy Central Park - A large community park featuring sports fields, a pond, and walking trails.
Tom Kimbrough Stadium - A key venue for local high school football games and community events.
Southfork Ranch - Nearby ranch famous as the filming location for the television series 'Dallas'.
PSA Murphy - Sports complex offering a variety of youth sports leagues and fitness programs.
Murphy Marketplace - A shopping center with a variety of stores and dining options.
The Economy of Murphy, TX
The economy of Murphy is primarily driven by its status as a residential suburb of Dallas, with many residents commuting to jobs in the larger metropolitan area. The local economy benefits from a mix of retail and commercial establishments that cater to the daily needs of its residents. The city's strategic location near major highways and employment centers in Plano and Richardson has also spurred development, including the opening of new shopping centers and service-oriented businesses.
Murphy, TX Inflation
Understanding the BLS and Inflation in Murphy, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Murphy, TX. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Murphy, TX understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Murphy, TX using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Murphy, TX when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Murphy, TX
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