Frankton, IN vs St. Meinrad, IN

St. Meinrad is moderately more affordable than Frankton, with a 9.2% lower cost of living index. Frankton scores 73 compared to 67 for St. Meinrad, where the US average is 100. This difference means residents of Frankton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Frankton is $1,000/month compared to $588/month in St. Meinrad — a 70% difference. Interestingly, home values tell a different story: while St. Meinrad has cheaper rent, Frankton actually has lower median home values ($120,200 vs $203,800).

Median household income in Frankton is $64,500 compared to $52,054 in St. Meinrad (+23.9%). While Frankton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Frankton spend roughly 18.6% of their income on rent, more than the 13.6% in St. Meinrad.