Merrimac, MA
Maps & Population Facts
Population
6,752
Population Density
794
Labor Participaton
70.9%
Bachelor's or Higher
48.0%
Median Household Income
$84,417
Median Individual Income
$41,559
Median Individual Income(Full-time Workers Only)
$74,878
Housing Estimates
Median House Value
$335,300
Median Gross Rent
$795
Median Mortgage Payment
$2,049
Housing Units
2,754
People who reside in Merrimac live in:
Detached - Single Family Homes
69%
Apt, Condo, Other
31%
Analysis
Income
Households in Merrimac earn significantly more money than the national median income, averaging 40% higher per household.
Housing
Merrimac has a median house price of $335,300. The cost of homeownership is higher than most areas. The cost of renting in Merrimac is 21% less than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 18% |
Demographics
The median age in Merrimac is 47. Merrimac has a population that is significantly older than in comparison to the US median age.
Merrimac ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
Merrimac | Massachusetts | USA | |
Median Property Value | 335,300 | 385,400 | 217,600 |
Median Mortgage Payment | 2,049 | 2,108 | 1,513 |
Median Gross Rent | 795 | 1,208 | 1,012 |
Property Vacancy | 2.6% | 10.0% | 12.6% |
% Renters | 11% | 38% | 36% |
Residents per Sq. Mi. | 794 | 885 | 93 |
Personal Comparison
Merrimac | Massachusetts | USA | |
Median Household Income | 84,417 | 77,385 | 60,336 |
Median Individual Income | 41,559 | 41,700 | 33,646 |
Median Income (Full-Time) | 74,878 | 60,923 | 46,881 |
Median Age | 46.9 | 39.5 | 38.1 |
Labor Participation | 70.9% | 67.8% | 62.8% |
Attained College Degree | 48.0% | 43.4% | 32.0% |
Population Density Analysis
Merrimac, MA
794
Residents per Sq. Mile
The population density of Merrimac is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +