Housing costs in Merrillville?
A typical home costs
$206,200, which is 39.0% less expensive than the national average of
$338,100 and 6.9% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Merrillville costs
$1,260 per month, which is 11.9% cheaper than the national average of
$1,430 and 22.2% more than the state average of
$980.
Can I afford Merrillville?
To live comfortably in Merrillville (zip 46410), Indiana, a minimum annual income of
$39,600 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Merrillville?
The cost of living in 46410 Merrillville, IN is quite reasonable. According to the 2019 Cost of Living Index, the city scored an index of 87.6, which is lower than the national average of 100. This means that goods and services are cheaper in this area than they would be on average in other parts of the United States. Additionally, housing prices in 46410 Merrillville, IN are appealing for those looking to purchase or rent property. The median home value is $153,400 while the median rent is around $1,069 a month. These figures make 46410 Merrillville a great place to live for those looking for stability and affordability.