Merom, Indiana is a small town located in Sullivan County which offers visitors a range of outdoor activities such as fishing and hunting. Merom is home to several local businesses such as the Merom General Store, The Coffee Cabin Cafe, and Merom Auto Parts Inc. The cost of living in Merom is much more affordable than other places in the US. For instance, 2 bedroom rentals are $810 compared to the US average of $1,430. Additionally, grocery costs are 93 points versus 100 points on the US index. All these factors make Merom an attractive option for those looking to enjoy the outdoors while keeping their finances in check.
Merom has an unemployment rate of 5.0%. The US average is 6.0%.
Merom has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Merom
- The Sales Tax Rate for Merom is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Merom is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Merom
- The average income of a Merom resident is $17,006 a year. The US average is $28,555 a year.
- The Median household income of a Merom resident is $40,938 a year. The US average is $69,021 a year.