Cost of Living in St. Joe, IN

With a cost of living index of 61, St. Joe, IN is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 17% below the Indiana state average of 78. St. Joe is a small community of 420 residents.

Housing costs are the biggest factor in St. Joe's cost of living. The median monthly rent is $700 (47% below the US median of $1,319), and the median home value sits at $85,400 (72% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in St. Joe is $61,875, which is 18% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.