Housing costs in Merrill?
A typical home costs
$215,600, which is 36.2% less expensive than the national average of
$338,100 and 10.6% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Merrill costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$930.
Can I afford Merrill?
To live comfortably in Merrill, Iowa, a minimum annual income of
$41,400 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Merrill?
The cost of living in Merrill, IA is quite affordable. With a median home price of $130,000, it offers good value for those looking to purchase a home. The housing market in Merrill is also attractive due to the low taxes and low crime rate. Additionally, groceries are reasonably priced at local stores and there are plenty of job opportunities. The overall cost of living in Merrill is lower than the national average, making it an attractive option for those on a budget or looking to relocate to the area.