Meridian Hills cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMeridian HillsIndianaNational
Cost of living index13688100
IndexMeridian HillsIndianaNational
Goods & Services index9795100
Groceries index9592100
Health care index9895100
Housing index23073100
Transportation index9193100
Utilities index9493100

Did you know?

  • The cost of living in Meridian Hills is 55% higher than the Indiana average.
  • The cost of living in Meridian Hills is 36% higher than the national average.
  • The cost of housing in Meridian Hills is 130% higher than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$119,250$9,938$2,782$3,578
Renters$53,750$4,479$1,254$1,613

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%

Goods & Services

ItemMeridian HillsNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $26.00$34.6825.0%
Toothpaste $1.91$2.4722.8%
Shampoo $0.91$1.0211.0%
Movie $8.50$9.8713.9%
Bowling $3.50$4.3920.3%

Groceries

ItemMeridian HillsNational avg.Difference
Ground Beef $4.64$4.483.6%
Fried Chicken $1.14$1.4622.1%
Milk $2.20$2.366.6%
Potatoes $2.76$3.069.8%
Pizza $13.99$9.2451.4%
Beer $7.86$8.639.0%

Health Care

ItemMeridian HillsNational avg.Difference
Optometrist $105.00$99.785.2%
Doctor $93.55$105.0310.9%
Dentist $88.00$88.700.8%
Ibuprofen $8.38$9.4111.0%
Lipitor $317.03$298.506.2%

Housing

ItemMeridian HillsNational avg.Difference
Home Price $414,000.00$175,700.00135.6%
Avg. Mortgage Payment $823.57$1,081.0323.8%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemMeridian HillsNational avg.Difference
Gasoline $1.98$2.095.4%
Tire Balancing $36.64$45.2919.1%

Utilities

ItemMeridian HillsNational avg.Difference
All Electricity$160.91$170.805.8%
Phone $26.65$28.265.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Beech Grove, IN14,30185-15%
Speedway, IN12,01288-12%
Indianapolis, IN835,09788-12%
Lawrence, IN46,79689-11%
Rocky Ripple, IN64890-10%
Meridian Hills, IN1,68213636%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Long Valley, NJ1,68213838%
Denton, NC1,68284-16%
Rosebud, SD1,68276-24%
Romoland, CA1,68211717%
Honey Brook, PA1,6811077%
Meridian Hills, IN1,68213636%
Source: The Meridian Hills, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.