Median rent is 42% lower in St. Louis ($997/mo vs $1,712/mo). Buying is cheaper in St. Louis, where the median home runs $197,500 versus $486,800. Households earn more in Carmel ($141,505 vs $56,160 a year). Taken together, Carmel is the more affordable choice with a cost index of 94.7 against 95.0 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Carmel, IN.
City A
Carmel, IN
City B
St. Louis, MO
How much would you need to earn in St. Louis, MO to maintain your standard of living from Carmel, IN?
Equivalent salary in St. Louis, MO
$75,256
You'd need $256 more (0% higher).
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Carmel
Indiana
St. Louis
Missouri
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in St. Louis — median rent of $997/mo versus $1,712/mo in Carmel, a 42% difference. Home buyers face a steeper market in Carmel: the median home is $486,800 versus $197,500 in St. Louis — 59% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Carmel
Income tax: N/A
Sales tax: N/A
St. Louis
Income tax: N/A
Sales tax: N/A
Air quality data is available for St. Louis (avg AQI 33.0) but not yet for Carmel.
Pick Carmel if you prioritize higher median household income ($141,505/yr).
Pick St. Louis if you prioritize cheaper rent ($997/mo median).
Is Carmel cheaper than St. Louis?
Carmel is cheaper overall, with a cost of living index of 94.7 versus 95.0 (US average = 100). That means prices run about 0% lower in Carmel.
How much is rent in Carmel vs St. Louis?
Median rent is $1,712/mo in Carmel, IN and $997/mo in St. Louis, MO. St. Louis, MO has the lower rent by about 42%.
Which has higher salaries — Carmel or St. Louis?
Median household income is $141,505 in Carmel, IN and $56,160 in St. Louis, MO. Carmel, IN has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Carmel or St. Louis?
State tax data is not yet available for one or both cities.
What salary do I need in St. Louis to match my Carmel income?
To maintain the same purchasing power, a salary of $100,000 in Carmel, IN is equivalent to roughly $100,341 in St. Louis, MO (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
