Alton, MO vs Milan, MO

Alton, MO and Milan, MO have a very similar cost of living, with only a 1.6% difference in their overall index. Alton scores 60 while Milan scores 61 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Alton is $594/month compared to $699/month in Milan — a 15% difference. Interestingly, home values tell a different story: while Alton has cheaper rent, Milan actually has lower median home values ($89,700 vs $117,100).

Median household income in Alton is $47,606 compared to $52,647 in Milan (-9.6%). While Milan is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alton spend roughly 15% of their income on rent, less than the 15.9% in Milan.