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Merritt, BC
Full City Profile · British Columbia
2.6
/5.0
C+
Fair
7,051
Population
701/sq mi density
$70,000
Median Income
$43,680 per capita
$400,000
Home Value
$990
Median Rent
17.5% income on rent
47°F
Avg Temperature
254 sunny days/yr
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$70,000 median income, 9.6% unemployment
B
Affordability
3.4 / 5.0
$400,000 home value, $990/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.6 / 5.0
7.8% bachelor's degree or higher
Housing Overview
Median Home Value
$400,000
42% above
US avg: $281,900
Median Rent
$990/mo
15% below
US avg: $1,163/mo
Homeownership Rate
73.1%
12% above US avg (65.4%)
Total Housing Units
2,975
Ownership vs. Renting
73.1%
Owner-Occupied
26.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
17.5%
of renters spending 30%+ of income on housing
44% below US avg (31.0%)
Homeownership Rate
73.1%
Complete Housing Data
Home Values
| Census Median Value | $400,000 |
Rent
| Census Median Rent | $990 |
Market
Ownership & Stock
| Owner-Occupied | 73.1% |
| Renter-Occupied | 26.7% |
| Homeownership Rate | 73.1% |
| Total Housing Units | 2,975 |
| Rent Burden | 17.5% |