Murray, IA population, income and ZIP codes

Murray city is a very small community in Iowa, with 648 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #414 of 1,026 ranked by population — larger than 59% of them. The median age here is 30.1 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Murray city earn a median of $60,313 a year, 23.2% below the national figure of $78,538 and 11% below the $67,791 median for the 290 Iowa cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 7.3% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Murray city is valued at $76,300, 74.9% below the national figure and 51% below the $156,300 peer median, while median gross rent runs $782 a month, 44.4% below the national figure, or roughly $9,384 across a full year. A household on the local median income would put about 15.6% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 83.1% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

With 648 residents, a handful of survey responses moves every median on this page. Compare Murray city against its county rather than against national figures.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.