Cost of Living in St. Mary of the Woods, IN

With a cost of living index of 59, St. Mary of the Woods, IN is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 19% below the Indiana state average of 78. St. Mary of the Woods is a small community of 869 residents.

Housing costs are the biggest factor in St. Mary of the Woods's cost of living. The median monthly rent is $467 (65% below the US median of $1,319), and the median home value sits at $168,800 (45% below the national median of $304,900). At current prices, the median home costs roughly 8.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in St. Mary of the Woods is $19,141, which is 75% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Terre Haute, IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.