Housing costs in Meridian Hills?
A typical home costs
$623,100, which is 84.3% more expensive than the national average of
$338,100 and 181.2% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Meridian Hills costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 18.3% more than the state average of
$980.
Can I afford Meridian Hills?
To live comfortably in Meridian Hills, Indiana, a minimum annual income of
$119,520 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Meridian Hills?
The cost of living in Meridian Hills, IN is quite reasonable compared to many other places in the country. The median household income is slightly below the national average, but still well above most other parts of the state. Property taxes are low, as are sales taxes, and there is a mix of affordable housing options within easy reach of downtown Indianapolis. Grocery prices are comparable to those seen in larger cities due to the proximity to major supermarkets and restaurants, and other essentials such as gas and utilities are also reasonably priced. All-in-all, Meridian Hills provides its residents with an excellent quality of life for a very reasonable cost of living.