Zip 95340 (Merced, CA) Cost of Living


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Merced cost of living score
109.1
More expensive
9.1% higher
than the US average
27.2% lower
than the California average
Merced (zip 95340), California gets a BestPlaces Cost of Living score of 109.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.1% higher than the U.S. average and 27.2% higher than the average for California.

Zip 95340 (Merced, CA)

Housing costs in Merced?
A typical home costs $387,300, which is 14.6% more expensive than the national average of $338,100 and 47.2% less expensive than the average California home, at $733,500. Renting a two-bedroom unit in Merced costs $1,290 per month, which is 40.0% cheaper than the national average of $2,150 and 3.9% more than the state average of $1,240.

Can I afford Merced?
To live comfortably in Merced (zip 95340), California, a minimum annual income of $74,160 for a family, and $42,000 for a single person is recommended.

What does A.I. say about Merced?
The cost of living in 95340 Merced, CA is relatively affordable compared to other areas of the state. The median home value in the area is approximately $239,300, which is lower than the statewide median of around $552,500. Renters may also find the area attractive, as the median rent for a one-bedroom apartment is just under $1,000 per month. Groceries and health care costs are slightly higher than average but still within an acceptable range. Overall, 95340 Merced offers a reasonable cost of living that can make it an appealing place to live for those on a budget.
   Cost of living score
     CategoriesMercedCaliforniaUnited States
  109.1149.9100.0
  99.8105.1100
  121.398.3100.0
  114.7234.8100.0
  $387,300$733,500$338,100
  110.3%102.4%100.0%
  96.3133.1100.0
  109.4118.7100.0

   100=National Average

   Average Rent by Bedroom Size
Crime