Diamond, MO vs Strafford, MO

Diamond, MO and Strafford, MO have a very similar cost of living, with only a 1.8% difference in their overall index. Diamond scores 65 while Strafford scores 67 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 Diamond is $814/month compared to $767/month in Strafford — a 6% difference. Interestingly, home values tell a different story: while Strafford has cheaper rent, Diamond actually has lower median home values ($132,800 vs $148,100).

Median household income in Diamond is $74,000 compared to $60,670 in Strafford (+22%). Diamond offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Diamond spend roughly 13.2% of their income on rent, less than the 15.2% in Strafford.