Merrillville, IN vs Speedway, IN

Speedway is moderately more affordable than Merrillville, with a 8.4% lower cost of living index. Merrillville scores 91 compared to 84 for Speedway, where the US average is 100. This difference means residents of Merrillville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Merrillville is $1,304/month compared to $1,120/month in Speedway — a 16% difference. Interestingly, home values tell a different story: while Speedway has cheaper rent, Merrillville actually has lower median home values ($194,000 vs $209,400).

Median household income in Merrillville is $64,791 compared to $57,158 in Speedway (+13.4%). While Merrillville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Merrillville spend roughly 24.2% of their income on rent, more than the 23.5% in Speedway.