Merriam, IN
Population 309 · Indiana
About Merriam, IN
Merriam is a small community located in Indiana with a population of 309 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,444 per year, which is 41% below the national median of $75,149. The median age of 42.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Merriam features a median home value of $123,800, which is 49% below the national median of $244,900. This makes Merriam one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 120 total housing units, 78% are owner-occupied (93 units) and 23% are renter-occupied (27 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Merriam shows an unemployment rate of 24.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 1.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Merriam have an average one-way commute time of 22.5 minutes.
Education & Demographics
27.3% of Merriam residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Merriam, IN
Compared to national averages, Merriam has a median household income of $44,444 (41% below the national median of $75,149). Home values average $123,800, which is 49% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Merriam's income is 36% below the state average of $69,330, and home values are 24% below the state median of $163,409.
Why Live in Merriam, IN?
Merriam offers affordable housing with a median home value of $123,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 1.9%, better than the national average. Additionally, the city features short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($44,444) that falls below the national average. However, Merriam’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Merriam has a population of 309 with a median age of 42.1 years. Compare Merriam with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Merriam
What is the population of Merriam, IN?
The population of Merriam, IN is 309 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Merriam?
The median household income in Merriam, IN is $44,444 per year, which is 41% below the national median of $75,149.
What is the median home value in Merriam?
The median home value in Merriam, IN is $123,800, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Merriam?
The median monthly rent in Merriam, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Merriam?
The unemployment rate in Merriam, IN is 24.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Merriam, IN a good place to live?
Merriam offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 309 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Merriam, IN?
27.3% of residents in Merriam aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Merriam?
Key cost-of-living indicators for Merriam, IN: median home value is $123,800 (49% below national), median rent is $0/month, and median household income is $44,444. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Merriam?
The poverty rate in Merriam, IN is 1.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Merriam, IN?
Merriam's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.