Farmington, MO vs Oakville, MO

There is a significant gap in the cost of living between these two cities. Farmington is 18.6% cheaper than Oakville. With a cost index of 73 vs 90, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farmington to Oakville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Farmington is $856/month compared to $1,083/month in Oakville — a 21% difference. Home values follow the same pattern: Farmington is more affordable at $187,500 median vs $292,500.

Median household income in Farmington is $49,882 compared to $103,125 in Oakville (-51.6%). While Oakville 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 12.6% in Oakville.