Elmo, MO vs Galena, MO

Elmo, MO and Galena, MO have a very similar cost of living, with only a 3.6% difference in their overall index. Elmo scores 67 while Galena scores 65 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 Elmo is $904/month compared to $739/month in Galena — a 22% difference. Interestingly, home values tell a different story: while Galena has cheaper rent, Elmo actually has lower median home values ($91,400 vs $123,900).

Median household income in Elmo is $65,179 compared to $42,125 in Galena (+54.7%). While Elmo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmo spend roughly 16.6% of their income on rent, less than the 21.1% in Galena.