Downing, MO vs New Franklin, MO

There is a significant gap in the cost of living between these two cities. Downing is 24.8% cheaper than New Franklin. With a cost index of 46 vs 61, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Downing to New Franklin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Downing is $341/month compared to $680/month in New Franklin — a 50% difference. Home values follow the same pattern: Downing is more affordable at $47,600 median vs $117,700.

Median household income in Downing is $32,292 compared to $53,056 in New Franklin (-39.1%). While New Franklin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Downing spend roughly 12.7% of their income on rent, less than the 15.4% in New Franklin.