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Cost of Living in Merrillville, IN

2025 Affordability Data & Housing Costs

94.6

Cost of Living Index (100 = US Average)

Moderate

Median Home Value

$194,000

Owner-occupied homes (2023 ACS)

Median Household Income

$64,791

Annual (2023 ACS)

Housing Costs

The median home value in Merrillville is $194,000, which is close to the national average. The home price-to-income ratio is 3.0, indicating strong affordability.

Income & Purchasing Power

The median household income in Merrillville is $64,791 annually.

Compare with Other Cities

View all cities in Indiana

Frequently Asked Questions

What is the cost of living index in Merrillville, IN?

The COL index is 94.6, which is lower than the US average of 100.

What is the median home value in Merrillville?

The median home value is $194,000.

What is the median rent in Merrillville?

Data not available.

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