Basalt, ID vs Murphy, ID

Basalt is moderately more affordable than Murphy, with a 5.6% lower cost of living index. Basalt scores 88 compared to 93 for Murphy, where the US average is 100. This difference means residents of Murphy can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Basalt are $300,000 compared to $246,900 in Murphy, a 22% gap.

Median household income in Basalt is $75,375 compared to $75,521 in Murphy (-0.2%). Murphy does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget.