Concord, MO vs Shrewsbury, MO

Concord, MO and Shrewsbury, MO have a very similar cost of living, with only a 1.9% difference in their overall index. Concord scores 92 while Shrewsbury scores 90 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 Concord is $1,166/month compared to $1,143/month in Shrewsbury — a 2% difference. Home values follow the same pattern: Shrewsbury is more affordable at $266,600 median vs $279,400.

Median household income in Concord is $84,389 compared to $84,942 in Shrewsbury (-0.7%). Shrewsbury offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Concord spend roughly 16.6% of their income on rent, more than the 16.1% in Shrewsbury.