Housing costs in Merced?
A typical home costs
$320,100, which is 5.3% less expensive than the national average of
$338,100 and 56.4% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Merced costs
$1,180 per month, which is 45.1% cheaper than the national average of
$2,150 and 5.1% cheaper than the state average of
$1,240.
Can I afford Merced?
To live comfortably in Merced (zip 95341), California, a minimum annual income of
$61,200 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Merced?
The cost of living in 95341 Merced, CA is relatively low. The median home value is just over $250,000, which is much lower than the California state average of just over $550,000. Rent prices for a one-bedroom apartment are also quite affordable, with an average price of around $1500 per month. Food costs are also low, with groceries costing approximately 9% less than the national average. Overall, Merced provides an affordable living option for those looking to settle in the Golden State.