Quick facts: Merino, CO

Quick Facts

114.3
Cost of Living
above US average
281
Population
Crime rate Data is updating, will be available soon
$55,000
Median Income
below US average
$2,250,000
Median House Price
above US average
$900.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $55,000.

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Income Needed to Buy

βœ— Stretch
$706k/year
Based on $2,250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $706k vs median $55,000
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Income Needed to Rent

βœ“ Affordable
$39k/year
Based on $900.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Merino, CO

Merino is a small, rural town located in Logan County, Colorado. With a population of around a few hundred residents, Merino offers a close-knit community atmosphere characterized by friendly faces and a slower pace of life. The town is situated on the eastern plains of Colorado, about 25 miles northeast of Sterling, the closest larger city, and approximately 100 miles from the vibrant metropolis of Denver. Merino is primarily an agricultural community, surrounded by vast fields and farmland, making it an ideal spot for those interested in farming and ranching. The scenic countryside provides plenty of opportunities for outdoor activities, including hiking, bird watching, and enjoying the wide-open spaces typical of the Great Plains. Despite its small size, Merino hosts some local events that strengthen community bonds, such as summer fairs and seasonal celebrations. Additionally, its proximity to larger towns allows residents to enjoy urban amenities when desired while still reveling in the benefits of small-town living. Overall, Merino is a hidden gem for those seeking peace and simplicity in Colorado's rural heartland.

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