Farmington, MO vs Greenwood, MO

The cost of living difference between Farmington, MO and Greenwood, MO is dramatic. Farmington is 30.2% cheaper than Greenwood, a gap that translates to thousands of dollars per year in household expenses. Farmington has a cost index of 73 while Greenwood sits at 105, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Farmington is $856/month compared to $1,679/month in Greenwood — a 49% difference. Home values follow the same pattern: Farmington is more affordable at $187,500 median vs $263,300.

Median household income in Farmington is $49,882 compared to $104,638 in Greenwood (-52.3%). While Greenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 20.6% of their income on rent, more than the 19.3% in Greenwood.