Housing costs in Merrill?
A typical home costs
$150,200, which is 55.6% less expensive than the national average of
$338,100 and 31.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Merrill costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,100.
Can I afford Merrill?
To live comfortably in Merrill, Michigan, a minimum annual income of
$28,800 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Merrill?
Living in Merrill, MI can be quite affordable. The median home value is just over $77,000, and the median household income is around $45,000. This provides a comfortable lifestyle for those living there without being too expensive. Utilities are also reasonably priced, with electricity costing slightly less than the national average. In addition, food and gas prices are generally lower than most other places in the state. Overall, Merrill proves to be an affordable place to live due to its low cost of living.