Elsberry, MO vs Richmond, MO

Richmond is moderately more affordable than Elsberry, with a 5.8% lower cost of living index. Elsberry scores 70 compared to 66 for Richmond, where the US average is 100. This difference means residents of Elsberry can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elsberry is $901/month compared to $734/month in Richmond — a 23% difference. Interestingly, home values tell a different story: while Richmond has cheaper rent, Elsberry actually has lower median home values ($113,300 vs $135,500).

Median household income in Elsberry is $49,226 compared to $58,906 in Richmond (-16.4%). Richmond 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, more than the 15% in Richmond.