Merrydale is a city in Louisiana state in USA with a population of 9523 residents..
The poverty rate of Merrydale is 28.4%, which is 103% higher than national average.
The typical household in Merrydale earns $37728 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 24 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 72.9% of households earn less than $50,000 a year compared to 39% national rate.
With a lack of available jobs, many in Merrydale are struggling financially. Nearly one in every 1 in every 7 workers in Merrydale is unemployed.
The unemployment rate of Merrydale remained 13.5%, which is 187% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census.
Cost of living in Merrydale is 89, which is 11% lower than national average.
In Merrydale, only 19% of adults have a bachelor's degree and 34% have some college but no degree.
Median home value in Merrydale is $115800 , which is 50% lower than national average.
While median income in Merrydale remained $37728, which is 44% lower than national average.