Farmington, MO vs University City, MO
There is a significant gap in the cost of living between these two cities. Farmington is 22.8% cheaper than University City. With a cost index of 73 vs 95, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farmington to University City should plan for substantially higher expenses across most categories.
On the housing front, median rent in Farmington is $856/month compared to $1,265/month in University City — a 32% difference. Home values follow the same pattern: Farmington is more affordable at $187,500 median vs $285,100.
Median household income in Farmington is $49,882 compared to $76,466 in University City (-34.8%). While University City 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 19.9% in University City.
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