Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.4 yrs |
|---|---|
| Avg HH Size | 2.51 |
| Below Poverty | 33.7% ▲ 237% above avg |
| College Grads | 19.3% ▼ 50% below avg |
| Unemployment | 11.4% ▲ 133% above avg |
| No HS Diploma | 5 (1.3%) |
| HS Graduate | 152 (39.2%) |
| Some College | 95 (24.5%) |
| Associates | 61 (15.7%) |
| Bachelors | 37 (9.5%) |
| Graduate Degree | 38 (9.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $46,806 ▼ 39% below avg |
|---|---|
| Median Home Value | $130,700 ▼ 53% below avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $793/mo |
| Total Housing Units | 518 |
| Vacant Units | 271 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Merritt is a city in Michigan, located in Missaukee County. The city spans 1 ZIP code and is home to approximately 620 residents. It is a middle-aged city, with a median age of 40.4 years.
Economically, Merritt is a working-class community. The median household income of $46,806 is below the national average. Approximately 33.7% of residents live below the poverty line. The unemployment rate is 11.4%, more than double the national average.
The real estate market in Merritt is one of the more affordable housing markets in the country. Median home values stand at $130,700, which is well below the national average. Renters typically pay around $793 per month. Homeownership is high at 76.5%, typical of suburban and family-oriented communities.
The population of Merritt is less-educated. 19.3% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (95%).
Merritt, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49667 | 620 | $46,806 | $130,700 | $793 | 11.4% | 19.3% | 76.5% |