Housing costs in Merrimac?
A typical home costs
$182,800, which is 45.9% less expensive than the national average of
$338,100 and 46.7% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Merrimac costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 25.0% cheaper than the state average of
$1,400.
Can I afford Merrimac?
To live comfortably in Merrimac, Virginia, a minimum annual income of
$34,920 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Merrimac?
The cost of living in Merrimac, VA is quite low compared to other cities in the United States. According to Sperling's Best Places, the overall cost of living index in Merrimac is almost 7% lower than the national average. The median home price in the city is also very affordable at just over $200,000. In addition, Merrimac also has a low unemployment rate and a thriving economy bolstered by its close proximity to major cities such as Washington D.C., Baltimore, and Richmond. All this combines to make Merrimac an attractive option for those looking for an affordable place to live without sacrificing quality of life or convenience.