Cost of Living in Merced, CA

Housing

The housing market plays a significant role in determining the cost of living in Merced, CA.

• Housing Index: 115.0 / 100
• Median Home Price is: $358000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1825 per month

Considering a move to Merced, CA entails evaluating the housing landscape. With a housing index of 115.0, the market appears competitive. The median home price sits at 358000, indicating a potential investment opportunity. Average rents for a 2-bedroom apartment and house are at 1800 and 1825, respectively, suggesting that renting may be slightly more feasible in this area. Keep in mind that local amenities, job opportunities, and lifestyle options should also factor into your decision, as these can significantly enhance your living experience beyond the numbers presented.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Merced, CA.

• Electricity Price: 32.99 USD (median by state)
• Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Merced, CA could entail higher utility costs. Electricity costs sit at 32.99, while natural gas is priced at 16.99 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $59233

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Merced, CA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.