Ashland, MO vs Troy, MO

Ashland, MO and Troy, MO have a very similar cost of living, with only a 4.5% difference in their overall index. Ashland scores 86 while Troy scores 83 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 Ashland is $1,188/month compared to $1,051/month in Troy — a 13% difference. Home values follow the same pattern: Troy is more affordable at $212,100 median vs $231,700.

Median household income in Ashland is $90,628 compared to $75,777 in Troy (+19.6%). 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 16.6% in Troy.