Housing costs in Merritt Island?
A typical home costs
$433,900, which is 28.3% more expensive than the national average of
$338,100 and 19.7% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Merritt Island costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 15.6% cheaper than the state average of
$1,560.
Can I afford Merritt Island?
To live comfortably in Merritt Island, Florida, a minimum annual income of
$83,160 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Merritt Island?
Merritt Island, FL is known for its low cost of living. The median home price in Merritt Island is around $232,000 which is lower than the national average. Renting a one bedroom apartment in the city averages around $1000 per month while utilities are low compared to other Florida cities. Groceries and other essentials also tend to be cheaper, making it a great place to live for those on a budget. Additionally, Merritt Island does not have any state income tax, meaning residents keep more of their earnings. With all these factors combined, it's no wonder why so many people flock to Merritt Island for its affordability and quality of life.