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==Economy== {{Pie chart |caption = '''Occupations of Murphy, North Carolina''' |other = |label1 = Management & Professional |value1 = 25 |color1 = red |label2 = Service |value2 = 15.3 |color2 = Orange |label3 = Sales & Office |value3 = 21.1 |color3 = Yellow |label4 = Farm, Fishing & Forestry |value4 = 1.9 |color4 = green |label5 = Construction, Extraction & Maintenance |value5 = 17.4 |color5 = Blue |label6 = Production/Transportation |value6 = 19.3 |color6 = Purple }} The economy of Murphy is fairly spread out, with a quarter of the population employed in the management and professional sector; about one fifth of the population are employed in either sales/office or construction, maintenance and extraction sectors. The smallest percentage, at only 1.9% are employed in the farm fishing or forestry sector.<ref>{{cite web|url=http://zipskinny.com/index.php?zip=28906 |title=Murphy North Carolina Economic Indicators |publisher=Zipskinny.com |date=September 20, 2007 |access-date=July 8, 2012}}</ref> Murphy also has a relatively low median income per household, at $24,952. The median income for a household in the town was $24,952, and the median income for a family was $35,234. Males had a median income of $30,395 versus $16,908 for females. The [[per capita income]] for the town was $16,926. About 16.7% of families and 22.9% of the population were below the [[poverty line]], including 36.2% of those under age 18 and 21.4% of those age 65 or over. There are several employers for advanced skilled professions, including Moog Components Group,<ref>{{cite web|url=http://www.moog.com/contact-us/locations/americas/moog-components-group-murphy-operations-murphy-nc-usa/ |title=Moog Components Group |publisher=Moog |access-date=May 18, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140519183952/http://www.moog.com/contact-us/locations/americas/moog-components-group-murphy-operations-murphy-nc-usa/ |archive-date=May 19, 2014 }}</ref> Aegis Power Systems,<ref>{{cite web|url=http://www.aegispower.com | title=Aegis Power Systems, Inc. | publisher=Aegis Power Systems, Inc. | access-date=May 18, 2014}}</ref> Murphy Medical Group,<ref>{{cite web|url=http://www.murphymedical.org/| title=Murphy Medical Center | publisher=Murphy Medical Center | access-date=May 18, 2014}}</ref> Sioux Tools,<ref>{{cite web | url=http://www.siouxtools.com/contactus.php | title=Sioux Tools | publisher=Sioux Tools | access-date=May 18, 2014 | archive-url=https://web.archive.org/web/20140519191037/http://www.siouxtools.com/contactus.php | archive-date=May 19, 2014 | url-status=dead }}</ref> and [[Tri-County Community College]].<ref>{{cite web|url=http://www.tricountycc.edu/| title=Tri-County Community College | publisher=Tri-County Community College | access-date=May 18, 2014}}</ref> [[Harrah's Cherokee Valley River]], a tribal casino that opened in Murphy in 2015, is also a major job supplier.<ref>{{cite web|url=http://500nations.com/casinos/ncValleyRiverCasino.asp/ |title=Cherokee Valley River Casino & Hotel |publisher=500 Nations |access-date=May 18, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140612030129/http://500nations.com/casinos/ncValleyRiverCasino.asp |archive-date=June 12, 2014 }}</ref> Additionally, there are two Bitcoin mining operations in Murphy β one by Core Scientific<ref>{{cite web |title=FIVE 9S DIGITAL LANDS 20 MW BITCOIN MINING DATA CENTER IN NC |url=https://five9sdigital.com/news/five-9s-digital-advises-on-the-sale-of-20-mw-data-center-facility/}}</ref> and the other by Atlas Technology Group. The area's low power rates and sprawling landscape are attractive to these operations.<ref>{{Cite web |last=Weir |first=Bill |date=January 19, 2023 |title=How the blare of a crypto mine woke up this Blue Ridge Mountain town |url=https://www.cnn.com/2023/01/19/us/north-carolina-crypto-mine-noise-weir-wxc/index.html |access-date=January 20, 2023 |website=CNN |language=en}}</ref>
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