Elsberry, MO vs Parkway, MO

Elsberry, MO and Parkway, MO have a very similar cost of living, with only a 3.8% difference in their overall index. Elsberry scores 70 while Parkway 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 Elsberry is $901/month compared to $855/month in Parkway — a 5% difference. Interestingly, home values tell a different story: while Parkway has cheaper rent, Elsberry actually has lower median home values ($113,300 vs $164,200).

Median household income in Elsberry is $49,226 compared to $43,672 in Parkway (+12.7%). Elsberry offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elsberry spend roughly 22% of their income on rent, less than the 23.5% in Parkway.