Ashland, MO vs Bourbon, MO

There is a significant gap in the cost of living between these two cities. Bourbon is 25.2% cheaper than Ashland. With a cost index of 69 vs 86, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bourbon to Ashland should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ashland is $1,188/month compared to $861/month in Bourbon — a 38% difference. Home values follow the same pattern: Bourbon is more affordable at $116,000 median vs $231,700.

Median household income in Ashland is $90,628 compared to $63,125 in Bourbon (+43.6%). While Ashland is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ashland spend roughly 15.7% of their income on rent, less than the 16.4% in Bourbon.