Cost of Living in Merrimac
The biggest cost-of-living factor in Merrimac, Massachusetts is housing. The median home is priced around $680K, or about $337 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $3,528, plus roughly $751 per month in property taxes. Rates and down payment change this figure significantly.
Merrimac's FY2025 residential property tax rate is $13.25 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Merrimac.