De Soto, MO vs Farmington, MO

De Soto, MO and Farmington, MO have a very similar cost of living, with only a 4.3% difference in their overall index. De Soto scores 70 while Farmington scores 73 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 De Soto is $828/month compared to $856/month in Farmington — a 3% difference. Home values follow the same pattern: De Soto is more affordable at $144,000 median vs $187,500.

Median household income in De Soto is $46,181 compared to $49,882 in Farmington (-7.4%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of De Soto spend roughly 21.5% of their income on rent, more than the 20.6% in Farmington.