Ardmore, IN vs St. Meinrad, IN

Ardmore, IN and St. Meinrad, IN have a very similar cost of living, with only a 4.8% difference in their overall index. Ardmore scores 70 while St. Meinrad scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ardmore is $938/month compared to $588/month in St. Meinrad — a 60% difference. Interestingly, home values tell a different story: while St. Meinrad has cheaper rent, Ardmore actually has lower median home values ($113,300 vs $203,800).

Median household income in Ardmore is $45,709 compared to $52,054 in St. Meinrad (-12.2%). St. Meinrad offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ardmore spend roughly 24.6% of their income on rent, more than the 13.6% in St. Meinrad.