Housing costs in Merrillville?
A typical home costs
$219,500, which is 35.1% less expensive than the national average of
$338,100 and 0.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Merrillville costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 22.8% more than the state average of
$980.
Can I afford Merrillville?
To live comfortably in Merrillville, Indiana, a minimum annual income of
$42,120 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Merrillville?
The cost of living in Merrillville, IN is relatively affordable compared to other cities in the United States. According to the most recent data from BestPlaces.net, the cost of living index in Merrillville is 89.9, which is 11% lower than the national average. This makes it an attractive option for those looking for a place to live that won't break their budget. The median home price in Merrillville is $156,800 and rent prices range from $721 for a one bedroom apartment to $1,793 for a three bedroom. Grocery prices are also reasonably priced with an estimated average of $541 per month for a family of four. Overall, living in Merrillville can be very affordable if you know where to look!