Cost of Living in Merom, IN
Population: 292 | Indiana
Merom is 24% less expensive than the national average.
Cost of Living in Merom, IN: What You Need to Know
With a cost of living index of 76, Merom, IN is a very affordable place to live. Living here is 24% cheaper than the national average and 3% below the Indiana state average of 78. Merom is a small community of 292 residents.
The median household income in Merom is $37,115, which is 51% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Everyday prices in the Terre Haute, IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $37,115
- vs US Median ($75,149)
- -51%
Housing
- Median Home Value
- $57,700
- Median Monthly Housing Cost
- $669/mo
Everyday Prices in Merom
BLS Average Prices for the Terre Haute, IN (Metropolitan Statistical Area) area