Cost of Living in St. Meinrad, IN

With a cost of living index of 67, St. Meinrad, IN is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 11% below the Indiana state average of 78. St. Meinrad is a small community of 604 residents.

Housing costs are the biggest factor in St. Meinrad's cost of living. The median monthly rent is $588 (55% below the US median of $1,319), and the median home value sits at $203,800 (33% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in St. Meinrad is $52,054, which is 31% 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.