Cost of Living in Merrillville, IN
Population: 36,343 • 2026 Data
$64,791
Median Household Income
-16% vs national
$1,304
Median Monthly Rent
-3% vs national
$194,000
Median Home Value
-43% vs national
6.8%
Unemployment Rate
Housing in Merrillville
The median home value in Merrillville, IN is $194,000. Monthly rent for a typical unit averages $1,304, while total monthly housing costs (including utilities and insurance) average $1,190.
Rent-to-income ratio: 24.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Merrillville, IN is $64,791. The unemployment rate stands at 6.8%, with a labor force of 18,257 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.