Gray Summit, MO vs Oak Grove, MO

Gray Summit, MO and Oak Grove, MO have a very similar cost of living, with only a 3.2% difference in their overall index. Gray Summit scores 76 while Oak Grove scores 79 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 Gray Summit is $1,041/month compared to $1,007/month in Oak Grove — a 3% difference. Interestingly, home values tell a different story: while Oak Grove has cheaper rent, Gray Summit actually has lower median home values ($140,200 vs $190,800).

Median household income in Gray Summit is $54,883 compared to $73,237 in Oak Grove (-25.1%). While Oak Grove is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gray Summit spend roughly 22.8% of their income on rent, more than the 16.5% in Oak Grove.