Housing costs in Merritt?
A typical home costs
$166,900, which is 50.6% less expensive than the national average of
$338,100 and 23.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Merritt costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 27.9% more than the state average of
$1,100.
Can I afford Merritt?
To live comfortably in Merritt, Michigan, a minimum annual income of
$32,040 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Merritt?
Merritt, MI is known for its affordability and low cost of living. The median home value is around $90,000, and the cost of renting a one-bedroom apartment can be as low as $500 per month. Additionally, groceries and other everyday costs are relatively low compared to other areas in Michigan. All in all, Merritt is an excellent choice for those who wish to find an affordable place to live with a reasonable cost of living.