Gray Summit, MO vs Perryville, MO

Gray Summit, MO and Perryville, MO have a very similar cost of living, with only a 3.9% difference in their overall index. Gray Summit scores 76 while Perryville scores 73 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 $929/month in Perryville — a 12% difference. Interestingly, home values tell a different story: while Perryville has cheaper rent, Gray Summit actually has lower median home values ($140,200 vs $184,700).

Median household income in Gray Summit is $54,883 compared to $53,958 in Perryville (+1.7%). Gray Summit does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Gray Summit spend roughly 22.8% of their income on rent, more than the 20.7% in Perryville.