Housing costs in Merom?
A typical home costs
$142,900, which is 57.7% less expensive than the national average of
$338,100 and 35.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Merom costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford Merom?
To live comfortably in Merom (zip 47861), Indiana, a minimum annual income of
$27,360 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Merom?
The cost of living in 47861 Merom, IN is quite affordable. The median home value is $80,500, which is lower than the national average. The median household income is $50,979 which is slightly lower than the national average. Groceries and health care costs are also relatively low when compared to the rest of the state and nation. Additionally, utility costs are also among the lowest in the area. All of these factors combined make Merom an attractive place to live with a low cost of living.