Housing costs in Merced?
A typical home costs
$390,500, which is 15.5% more expensive than the national average of
$338,100 and 46.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Merced costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 73.4% cheaper than the state average of
$2,150.
Can I afford Merced?
To live comfortably in Merced Califor County, California, a minimum annual income of
$74,880 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Merced?
The cost of living in Merced, CA County is significantly higher than the average US cost of living. According to data, the median house value in Merced is $390,500 which is much higher than the national average of $338,100. On top of that, the Cost of Living in Merced is 109.1 compared to the US average of 100. This indicates that overall living expenses are considerably more expensive in comparison to other areas in America.