Concordia, MO vs Richmond, MO

Concordia, MO and Richmond, MO have a very similar cost of living, with only a 3% difference in their overall index. Concordia scores 68 while Richmond scores 66 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 Concordia is $735/month compared to $734/month in Richmond — a 0% difference. Home values follow the same pattern: Richmond is more affordable at $135,500 median vs $159,300.

Median household income in Concordia is $56,192 compared to $58,906 in Richmond (-4.6%). Richmond offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Concordia spend roughly 15.7% of their income on rent, more than the 15% in Richmond.