Quick facts: Merced, CA

Quick Facts

110.5
Cost of Living
above US average
91,563
Population
32.24
Crime Rate per 1000
above US average
$59,233
Median Income
below US average
$374,900
Median House Price
above US average
$1778.77
Average Rent
above US average
21%
Poverty Rate
above US average
8.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $59,233.

🏠

Income Needed to Buy

βœ— Stretch
$118k/year
Based on $374,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $59,233
🏒

Income Needed to Rent

⚠ Stretch
$76k/year
Based on $1778.77/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $76k vs median $59,233
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Merced, CA

Merced, California, is a vibrant city located in the heart of California's San Joaquin Valley. As the county seat of Merced County, it serves as a key economic and cultural hub in the region. Known for its rich agricultural landscape, the area is surrounded by farmlands and orchards, contributing significantly to California's agricultural output. Merced boasts a diverse community and is home to the University of California, Merced, the newest campus in the University of California system. This institution attracts students from across the nation and enhances the city's educational and cultural offerings. The city features a blend of historical architecture, parks, and recreational spaces, making it an appealing place for families and outdoor enthusiasts. The downtown area offers a variety of dining and shopping options, along with local events that celebrate the community's heritage. Merced is also strategically located near natural attractions, including Yosemite National Park and the Sierra Nevada mountains, making it a convenient base for exploring California's stunning landscapes. Overall, Merced combines small-town charm with access to educational and natural resources, making it a unique place to live and visit.

πŸ” Search & Compare Places

First Location πŸ“