Bonne Terre, MO vs Tipton, MO

Bonne Terre, MO and Tipton, MO have a very similar cost of living, with only a 4.5% difference in their overall index. Bonne Terre scores 61 while Tipton scores 64 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 Bonne Terre is $585/month compared to $768/month in Tipton — a 24% difference. Interestingly, home values tell a different story: while Bonne Terre has cheaper rent, Tipton actually has lower median home values ($119,900 vs $120,400).

Median household income in Bonne Terre is $39,767 compared to $45,370 in Tipton (-12.3%). While Tipton 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 20.3% in Tipton.