Merritt Island, Florida is a mid-sized city with a population of 35,916 inhabitants. At 90%, the majority of the Merritt Island population is White; this is followed by 5% Black and 3% Asian. In Merritt Island, there seems to be a shift in population towards an older age group. The average age of the population is now 49, which is significantly higher than the nation’s average. Merritt Island is known to be family friendly as more than 73% of the population has already tied the knot. It might also be worth noting that 73% of residents also have children under the age of 18.
Living in Merritt Island can be a good experience for anyone moving to the city. Having said that, in the state of Florida, there are many amazing places to live, so choose wisely! With useful information like amenities, cost of living, education, housing and other key data points, finding the best places to live in Merritt Island and in the areas around Merritt Island is a much easier task.
Merritt Island has a livability score of 75 out of 100 and is ranked #392 in Florida and #5,500 in the USA. This is a great score, as Merritt Island ranks well in multiple categories! For each of the livability categories, we see that Merritt Island ranks very well for weather (A-) and education (A+). There are some categories that Merritt Island ranks poorly for, including: amenities (D-). It might be worth taking a closer look to figure out why.
The average school test scores in Merritt Island are 73%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Merritt Island. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Merritt Island are affordable. Median real estate prices in Merritt Island come in at $195,600, which is 17.3% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Merritt Island, the home price to income ratio is 3.6, which is 5.9% higher than the Florida average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Merritt Island will offer some insight into determining if your home purchase will be a solid investment for years to come. In Merritt Island, the year-over-year appreciation rates were 8.9%, and the 5 year appreciation rates came in at 11.5%.