Excelsior Springs, MO vs Palmyra, MO

Excelsior Springs, MO and Palmyra, MO have a very similar cost of living, with only a 4.2% difference in their overall index. Excelsior Springs scores 74 while Palmyra scores 71 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 Excelsior Springs is $907/month compared to $852/month in Palmyra — a 7% difference. Home values follow the same pattern: Palmyra is more affordable at $165,000 median vs $174,000.

Median household income in Excelsior Springs is $74,056 compared to $69,211 in Palmyra (+7%). While Excelsior Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Excelsior Springs spend roughly 14.7% of their income on rent, less than the 14.8% in Palmyra.