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: $358,000
- 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 Merced is a financially viable option for your relocation.