Indiana University students may go broke buying ramen and beer. Bloomington is the most expensive city in Indiana, according to a new report by business analysis website 24/7 Wall St.

The report used the Bureau of Economic Analysis' statistics to find where people paid the most for costs such as food, rent and transportation. It looked at regional price parities across 382 metropolitan areas in the U.S. to find the most expensive places to live in each state. And Bloomington came out on top in the Hoosier state.

In comparison to other "most expensive" cities across the nation, though, Bloomington doesn't seem too bad. In remote Honolulu, where it's a bit harder to transport goods, the value of a dollar is just 80 cents. You still get your dollar's worth in Bloomington, where a dollar is reportedly worth $1.06.

Study:You can buy a home in Indy on a $20K salary

Carmel:The best place to live in America

Priciest rent in Indy:Not where you'd think

In 2015, Muncie, home to Ball State University, was named the least-costly college town in the U.S. by Realtor.com. And all the Cardinals say, "chirp, chirp." Or is it, "cheap, cheap"?

Follow IndyStar Social Media Platforms Editor Joe Tamborello on Twitter and Instagram.

Read more from Joe Tamborello.