Milan, IN vs St. Meinrad, IN

St. Meinrad is moderately more affordable than Milan, with a 6.7% lower cost of living index. Milan scores 72 compared to 67 for St. Meinrad, where the US average is 100. This difference means residents of Milan can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Milan is $906/month compared to $588/month in St. Meinrad — a 54% difference. Interestingly, home values tell a different story: while St. Meinrad has cheaper rent, Milan actually has lower median home values ($136,400 vs $203,800).

Median household income in Milan is $54,688 compared to $52,054 in St. Meinrad (+5.1%). The higher salaries in Milan partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Milan spend roughly 19.9% of their income on rent, more than the 13.6% in St. Meinrad.