Farmington, MO vs Joplin, MO

Joplin is moderately more affordable than Farmington, with a 5% lower cost of living index. Farmington scores 73 compared to 70 for Joplin, where the US average is 100. This difference means residents of Farmington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Farmington is $856/month compared to $889/month in Joplin — a 4% difference. Interestingly, home values tell a different story: while Farmington has cheaper rent, Joplin actually has lower median home values ($159,700 vs $187,500).

Median household income in Farmington is $49,882 compared to $51,154 in Joplin (-2.5%). Joplin offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farmington spend roughly 20.6% of their income on rent, less than the 20.9% in Joplin.