Housing costs in Merritt?
A typical home costs
$161,100, which is 52.4% less expensive than the national average of
$338,100 and 26.3% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Merritt costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 22.2% cheaper than the state average of
$1,100.
Can I afford Merritt?
To live comfortably in Merritt (zip 49667), Michigan, a minimum annual income of
$30,960 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Merritt?
49667 Merritt, MI is a great place to live if you're looking for an affordable cost of living. According to BestPlaces's Cost of Living in Michigan index, the overall price index is rated at 77.33 which is lower than the national average of 100. Housing costs in Merritt are well below the national median as well, with monthly rent for a one bedroom apartment listed at $500 compared to a national average of $1,000. Food prices are also quite low with a meal at an inexpensive restaurant costing around $10 per person and groceries averaging around $30 per week. As a result, living in Merritt can be very affordable and offers people a great quality of life without breaking their budget.