Indianapolis-Carmel-Anderson vs Merced
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 15% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,055/mo in Merced — saving $1,668/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Merced | Difference |
|---|---|---|---|
| Studio | $568 | $696 | $128 |
| 1 Bedroom | $718 | $865 | $147 |
| 2 Bedrooms | $916 | $1,055 | $139 |
| 3 Bedrooms | $1,096 | $1,328 | $232 |
| 4 Bedrooms | $1,191 | $1,460 | $269 |
| Median Income | $51,092 | $60,958 | $9,866 |
Indianapolis-Carmel-Anderson
- Studio
- $568/mo
- 1 BR
- $718/mo
- 2 BR
- $916/mo
- 3 BR
- $1,096/mo
- 4 BR
- $1,191/mo
- Median Income
- $51,092/yr
Merced
- Studio
- $696/mo
- 1 BR
- $865/mo
- 2 BR
- $1,055/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,460/mo
- Median Income
- $60,958/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Merced cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,055/mo in Merced. That's $139/mo or $1,668/year more expensive in Merced (15% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Merced?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Merced, a 2-bedroom FMR is $1,055/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Merced?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Merced it is $60,958/year. Merced has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Merced?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Merced it is $696/mo.