Caledonia, MO vs Hermitage, MO

Caledonia, MO and Hermitage, MO have a very similar cost of living, with only a 4.8% difference in their overall index. Caledonia scores 58 while Hermitage scores 61 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 Caledonia is $725/month compared to $678/month in Hermitage — a 7% difference. Interestingly, home values tell a different story: while Hermitage has cheaper rent, Caledonia actually has lower median home values ($50,300 vs $103,100).

Median household income in Caledonia is $60,156 compared to $22,813 in Hermitage (+163.7%). Caledonia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Caledonia spend roughly 14.5% of their income on rent, less than the 35.7% in Hermitage. The Caledonia ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.