Merced, CA is a great place to live with a population of 95,348. The two bedroom rent in Merced is $1,400 while the US two bedroom rent average is $1,430 - making it an affordable place to live. The Grocery Cost Index in Merced is 100 compared to 100 in the US, meaning that grocery costs are about the same as the nationwide average. Additionally, Merced has several local businesses such as Peterson Tractor Company and Central Valley Pipe & Supply that offer a variety of products and services. Overall, Merced offers a relatively low cost of living even when compared to other parts of California.
Merced (zip 95348) has an unemployment rate of 9.3%. The US average is 6.0%.
Merced (zip 95348) 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 (zip 95348)
- The Sales Tax Rate for Merced (zip 95348) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Merced (zip 95348) 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 (zip 95348)
- The average income of a Merced (zip 95348) resident is $19,658 a year. The US average is $28,555 a year.
- The Median household income of a Merced (zip 95348) resident is $53,557 a year. The US average is $69,021 a year.