Housing costs in Merrifield?
A typical home costs
$376,000, which is 11.2% more expensive than the national average of
$338,100 and 21.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Merrifield costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 21.6% cheaper than the state average of
$1,240.
Can I afford Merrifield?
To live comfortably in Merrifield (zip 56465), Minnesota, a minimum annual income of
$72,000 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Merrifield?
The cost of living in 56465 Merrifield, MN is generally quite reasonable. As of October 2020, the median home price in Merrifield was $159,700—well below the nationwide median home price of $248,857. The median household income in Merrifield is $46,250, which is slightly lower than the national average of $57,652. Groceries and other essential items tend to be more affordable here than in many other parts of the country, and residents enjoy relatively low taxes. In sum, living in 56465 Merrifield provides a comfortable lifestyle for a fraction of the cost found elsewhere in the United States.