Drexel, MO vs Monticello, MO

Drexel, MO and Monticello, MO have a very similar cost of living, with only a 0.1% difference in their overall index. Drexel scores 68 while Monticello scores 68 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 Drexel is $834/month compared to $917/month in Monticello — a 9% difference. Interestingly, home values tell a different story: while Drexel has cheaper rent, Monticello actually has lower median home values ($104,700 vs $128,600).

Median household income in Drexel is $51,910 compared to $102,750 in Monticello (-49.5%). Monticello offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Drexel spend roughly 19.3% of their income on rent, more than the 10.7% in Monticello.