Boonville, MO vs Lathrop, MO

Boonville, MO and Lathrop, MO have a very similar cost of living, with only a 3.9% difference in their overall index. Boonville scores 68 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 Boonville is $759/month compared to $850/month in Lathrop — a 11% difference. Interestingly, home values tell a different story: while Boonville has cheaper rent, Lathrop actually has lower median home values ($156,500 vs $173,400).

Median household income in Boonville is $51,321 compared to $76,468 in Lathrop (-32.9%). 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 Boonville spend roughly 17.7% of their income on rent, more than the 13.3% in Lathrop.