Housing costs in Merritt Island?
A typical home costs
$435,900, which is 28.9% more expensive than the national average of
$338,100 and 20.3% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Merritt Island costs
$1,310 per month, which is 16.0% cheaper than the national average of
$1,560 and 5.3% cheaper than the state average of
$1,380.
Can I afford Merritt Island?
To live comfortably in Merritt Island (zip 32953), Florida, a minimum annual income of
$83,520 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Merritt Island?
Living in 32953 Merritt Island, FL is quite affordable. According to BestPlaces's cost of living index, the overall cost of living in this city is 6% lower than the national average. Moreover, the cost of groceries, transportation and health care are all below the national average. Housing expenses, on the other hand, are slightly above average but can be easily offset by lower costs elsewhere. All in all, Merritt Island offers a good balance between budget-friendly amenities and quality services that make it an attractive place to live for many people.