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 Metro Area, 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 Metro Area is 10.1% higher than the US average, which means that the cost of essential goods and services are higher than most other parts of the country. This is reflected in the high median house value of $390,500. Therefore, it may be more expensive to live in Merced CA compared to other areas, but those looking for a place with a higher quality of life will appreciate the convenience and amenities that come with living in this area.