Housing costs in Merrill?
A typical home costs
$148,700, which is 56.0% less expensive than the national average of
$338,100 and 32.0% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Merrill costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 14.6% cheaper than the state average of
$1,100.
Can I afford Merrill?
To live comfortably in Merrill (zip 48637), Michigan, a minimum annual income of
$28,440 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Merrill?
The cost of living in 48637 Merrill, MI is generally affordable with the median home value sitting at around $80,000. The cost of groceries and healthcare are slightly above the national average but still remain quite reasonable. Utilities such as electricity and natural gas are also priced reasonably compared to other cities in Michigan. In general, residents of 48637 Merrill, MI can enjoy an affordable cost of living that allows them to comfortably make ends meet.