Bourbon, MO vs Morrisville, MO

Morrisville is moderately more affordable than Bourbon, with a 6.3% lower cost of living index. Bourbon scores 69 compared to 65 for Morrisville, where the US average is 100. This difference means residents of Bourbon can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bourbon is $861/month compared to $773/month in Morrisville — a 11% difference. Interestingly, home values tell a different story: while Morrisville has cheaper rent, Bourbon actually has lower median home values ($116,000 vs $123,900).

Median household income in Bourbon is $63,125 compared to $51,528 in Morrisville (+22.5%). While Bourbon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bourbon spend roughly 16.4% of their income on rent, less than the 18% in Morrisville.