Cost of Living in Merom, IN
Housing
The housing market plays a significant role in determining the cost of living in Merom, IN.
- Housing Index: 91.1 / 100
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): $1317 per month
- Average Rent (2 BR House): $1431 per month
In considering a move to Merom, IN, the most striking figure is the 100000 of $100,000, indicating a potentially affordable entry point into homeownership. However, the lack of data on the 91.1 index and average rents—both $0.0—raises questions about the current rental market and competition. If you are looking for price stability and potential appreciation, check the area's growth trends, local amenities, and community factors to ensure a well-rounded decision. Renting might also be a consideration, depending on future job prospects in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Merom, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Merom, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Merom is a financially viable option for your relocation.