Housing costs in Merrimac?
A typical home costs
$517,700, which is 53.1% more expensive than the national average of
$338,100 and 7.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Merrimac costs
$2,250 per month, which is 57.3% more than the national average of
$1,430 and 4.9% more than the state average of
$2,140.
Can I afford Merrimac?
To live comfortably in Merrimac (zip 01860), Massachusetts, a minimum annual income of
$99,360 for a family, and
$74,000 for a single person is recommended.
What does A.I. say about Merrimac?
The cost of living in 01860 Merrimac, MA is quite reasonable compared to many other areas. The average home costs approximately $450,000-500,000 and the median household income is around $85,000 a year. The area also offers a low unemployment rate of 4.1%. Taxes are considered low as well; sales tax in Massachusetts is 6.25%, while property taxes average about $3,300 annually for a single-family home. In addition to this, there are plenty of dining and shopping options available for residents and visitors alike. All in all, living in 01860 Merrimac, MA generally offers an affordable lifestyle with plenty of amenities for all ages.