Billings, MO vs Lathrop, MO

Billings, MO and Lathrop, MO have a very similar cost of living, with only a 2.5% difference in their overall index. Billings scores 69 while Lathrop scores 71 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 Billings is $823/month compared to $850/month in Lathrop — a 3% difference. Interestingly, home values tell a different story: while Billings has cheaper rent, Lathrop actually has lower median home values ($156,500 vs $162,300).

Median household income in Billings is $43,846 compared to $76,468 in Lathrop (-42.7%). While Lathrop is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Billings spend roughly 22.5% of their income on rent, more than the 13.3% in Lathrop.