Cape Girardeau, MO vs Spanish Lake, MO

Cape Girardeau is moderately more affordable than Spanish Lake, with a 5.8% lower cost of living index. Cape Girardeau scores 71 compared to 76 for Spanish Lake, where the US average is 100. This difference means residents of Spanish Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cape Girardeau is $855/month compared to $1,073/month in Spanish Lake — a 20% difference. Interestingly, home values tell a different story: while Cape Girardeau has cheaper rent, Spanish Lake actually has lower median home values ($121,300 vs $186,100).

Median household income in Cape Girardeau is $54,870 compared to $51,125 in Spanish Lake (+7.3%). Cape Girardeau offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cape Girardeau spend roughly 18.7% of their income on rent, less than the 25.2% in Spanish Lake.