Fayette, MO vs New Bloomfield, MO

Fayette, MO and New Bloomfield, MO have a very similar cost of living, with only a 3.6% difference in their overall index. Fayette scores 68 while New Bloomfield scores 70 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 Fayette is $855/month compared to $937/month in New Bloomfield — a 9% difference. Home values follow the same pattern: Fayette is more affordable at $128,700 median vs $136,200.

Median household income in Fayette is $58,750 compared to $74,750 in New Bloomfield (-21.4%). While New Bloomfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fayette spend roughly 17.5% of their income on rent, more than the 15% in New Bloomfield.