Merced, CA is a wonderful place to live for people looking for an affordable cost of living. Rent for a two bedroom apartment is $1,280, which is significantly lower than the US national average of $1,430. The cost of groceries in Merced is also very reasonable with an index of 100 versus the US index of 100. With the low cost of living, it's no surprise that Merced has become a popular destination for those looking for a change in scenery. Local businesses include Raley’s Supermarket, Les Schwab Tire Center and Starbucks. There are plenty of activities and attractions available as well including Yosemite National Park, Lake Yosemite and Applegate Park Zoo & Museum. In addition, Merced hosts many annual events such as the Merced County Fair and Big Valley Music Festival.
Merced has an unemployment rate of 9.3%. The US average is 6.0%.
Merced has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Merced
- The Sales Tax Rate for Merced is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Merced is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Merced
- The average income of a Merced resident is $17,623 a year. The US average is $28,555 a year.
- The Median household income of a Merced resident is $52,305 a year. The US average is $69,021 a year.