St. Meinrad, IN is a small rural town located in southern Indiana. Despite its small size, St. Meinrad has a great number of local businesses that provide quality services and products to its residents. These businesses include a variety of stores, restaurants, and entertainment venues such as the local movie theater and bowling alley. The cost of living in St. Meinrad is relatively low compared to other areas in the US; for example, 2 bedroom rent in St. Meinrad is $810 while in the US it is $1,430 and grocery cost index is 92 versus 100 on the US average. With affordable prices all around, St. Meinrad is an ideal place for those looking for a quiet but budget-friendly place to live!
St. Meinrad has an unemployment rate of 4.3%. The US average is 6.0%.
St. Meinrad has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for St. Meinrad
- The Sales Tax Rate for St. Meinrad is 7.0%. The US average is 7.3%.
- The Income Tax Rate for St. Meinrad is 4.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for St. Meinrad
- The average income of a St. Meinrad resident is $18,649 a year. The US average is $28,555 a year.
- The Median household income of a St. Meinrad resident is $58,162 a year. The US average is $69,021 a year.