Alton, MO vs Oakwood Park, MO

The cost of living difference between Alton, MO and Oakwood Park, MO is dramatic. Alton is 33.6% cheaper than Oakwood Park, a gap that translates to thousands of dollars per year in household expenses. Alton has a cost index of 60 while Oakwood Park sits at 90, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Alton is $594/month compared to $1,425/month in Oakwood Park — a 58% difference. Home values follow the same pattern: Alton is more affordable at $117,100 median vs $169,200.

Median household income in Alton is $47,606 compared to $85,000 in Oakwood Park (-44%). While Oakwood Park 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 20.1% in Oakwood Park.