Housing costs in Merritt?
A typical home costs
$0, which is 100.0% less expensive than the national average of
$338,100 and 100.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Merritt costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 59.5% cheaper than the state average of
$1,260.
Can I afford Merritt?
To live comfortably in Merritt, Illinois, a minimum annual income of
$19,440 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Merritt?
Merritt, IL is a great place to live with an affordable cost of living. According to the US average Cost of Living, which is 100, Merritt is well below that rate. This means that living in Merritt may be more affordable than other locations across the United States. Furthermore, the median house value in Merritt, IL is lower than the US average of $338,100., making it a great option for people on a budget looking for a place to call home. With so many benefits and a low cost of living, Merritt is an ideal location for people looking for an affordable place to live.