Boonville, MO vs Fayette, MO

Boonville, MO and Fayette, MO have a very similar cost of living, with only a 1.1% difference in their overall index. Boonville scores 68 while Fayette scores 68 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 Boonville is $759/month compared to $855/month in Fayette — a 11% difference. Interestingly, home values tell a different story: while Boonville has cheaper rent, Fayette actually has lower median home values ($128,700 vs $173,400).

Median household income in Boonville is $51,321 compared to $58,750 in Fayette (-12.6%). Fayette offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boonville spend roughly 17.7% of their income on rent, more than the 17.5% in Fayette.