Chesterfield, MO vs Farmington, MO

The cost of living difference between Chesterfield, MO and Farmington, MO is dramatic. Farmington is 60.8% cheaper than Chesterfield, a gap that translates to thousands of dollars per year in household expenses. Chesterfield has a cost index of 118 while Farmington sits at 73, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Chesterfield is $1,553/month compared to $856/month in Farmington — a 81% difference. Home values follow the same pattern: Farmington is more affordable at $187,500 median vs $458,000.

Median household income in Chesterfield is $133,380 compared to $49,882 in Farmington (+167.4%). While Chesterfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chesterfield spend roughly 14% of their income on rent, less than the 20.6% in Farmington.