Bonne Terre, MO vs Farmington, MO
There is a significant gap in the cost of living between these two cities. Bonne Terre is 17% cheaper than Farmington. With a cost index of 61 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bonne Terre to Farmington should plan for substantially higher expenses across most categories.
On the housing front, median rent in Bonne Terre is $585/month compared to $856/month in Farmington — a 32% difference. Home values follow the same pattern: Bonne Terre is more affordable at $120,400 median vs $187,500.
Median household income in Bonne Terre is $39,767 compared to $49,882 in Farmington (-20.3%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bonne Terre spend roughly 17.7% of their income on rent, less than the 20.6% in Farmington.
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