Housing costs in Merced?
A typical home costs
$385,200, which is 13.9% more expensive than the national average of
$338,100 and 47.5% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Merced costs
$1,400 per month, which is 34.9% cheaper than the national average of
$2,150 and 11.4% more than the state average of
$1,240.
Can I afford Merced?
To live comfortably in Merced (zip 95348), California, a minimum annual income of
$73,800 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Merced?
The cost of living in 95348 Merced, CA is relatively affordable compared to other cities in California. The median income for a household in the zip code is $56,808, which is lower than the national average of $60,293. Groceries and healthcare are also cheaper than the national average. Although groceries are slightly more expensive than many other cities in California, they are still much lower than the national average. Additionally, housing costs in 95348 Merced, CA are quite low with the median home value being roughly 20% less than the national average. All in all, living in 95348 Merced, CA can be quite affordable as long as you’re willing to take advantage of its lower costs for essentials like groceries and healthcare.