Merrill, WI Cost Of Living
Cost Of Living In Merrill, WI Summary
Cost of living in Merrill research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Merrill is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Merrill is 81, with 100 being the average.
The cost of living index in Merrill is 0.8x lower than the national average.
Merrill ranks as the #3 cheapest in Wisconsin out of 143.
Merrill ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Merrill is $86,600.
The median income in Merrill is $46,973.
Table Of Contents
Merrill's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Merrill, WI?
According to the most recent data on the cost of living, Merrill has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Wisconsin, Merrill has a cost of living index that's 0.9x lower than Wisconsin's index of 95.
The standard of living in Merrill ranks as #3 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Merrill ranks as the #140 most expensive place in the Badger State.
For more reading on life in Merrill, check out:
- Living In Merrill
- Merrill Crime Report
- Search Homes For Sale In Merrill, WI
In Wisconsin
In America
Merrill Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Merrill. Here is how it fairs on each of the criteria:
The Services index in Merrill is 91.
The Groceries index in Merrill is 97.
The Health index in Merrill is 120.
The Housing index in Merrill is 54.
The Transportation index in Merrill is 99.
The Utilities index in Merrill is 86.
| Living Expense | Merrill | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 81 | 95 | 100 | |
| Services | 91 | 97 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 120 | 114 | 100 | |
| Housing | 54 | 84 | 100 | |
| Transportation | 99 | 96 | 100 | |
| Utilities | 86 | 103 | 100 | |
Merrill, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Merrill is $86,600.
The Median Rent in Merrill is $664.
The Median Income in Merrill is $46,973.
The Home Value To Income in Merrill is 1.8x.
The Rent To Monthly Income in Merrill is 0.17x.
| Statistic | Merrill | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $86,600 | $200,400 | $244,900 |
| Median Rent | $664 | $916 | $1,163 |
| Median Income | $46,973 | $67,080 | $69,021 |
| Home Value To Income | 1.8x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Merrill, WI Costs By Category
Detailed Merrill Services Costs Vs. Wisconsin
Detailed Merrill Groceries Costs Vs. Wisconsin
Detailed Merrill Health Costs Vs. Wisconsin
Detailed Merrill Transportation Costs Vs. Wisconsin
Detailed Merrill Utilities Costs Vs. Wisconsin
Merrill SnackAbility
/10
Cost Of Living In Cities Around Merrill
The cost of living varies in the cities and towns around Merrill. Here's a quick look at the cost of living in the most populous nearby places:
Wausau, WI has a cost of living index of 87, 1.1x Merrill.
Stevens Point, WI has a cost of living index of 86, 1.1x Merrill.
Marshfield, WI has a cost of living index of 89, 1.1x Merrill.
| City | Population | Cost Of Living | Vs. Merrill |
|---|---|---|---|
| Wausau, WI | 39,745 | 87 | 1.1x |
| Stevens Point, WI | 25,752 | 86 | 1.1x |
| Marshfield, WI | 18,668 | 89 | 1.1x |
| Weston, WI | 15,609 | 91 | 1.1x |
| Kronenwetter, WI | 8,257 | 93 | 1.1x |
| Rhinelander, WI | 8,177 | 86 | 1.1x |
| Antigo, WI | 8,054 | 79 | 1.0x |
| Rib Mountain, WI | 6,280 | 96 | 1.2x |
| Rothschild, WI | 5,535 | 87 | 1.1x |
