Hannibal, MO vs Shrewsbury, MO

There is a significant gap in the cost of living between these two cities. Hannibal is 25.1% cheaper than Shrewsbury. With a cost index of 67 vs 90, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hannibal to Shrewsbury should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hannibal is $821/month compared to $1,143/month in Shrewsbury — a 28% difference. Home values follow the same pattern: Hannibal is more affordable at $126,300 median vs $266,600.

Median household income in Hannibal is $54,071 compared to $84,942 in Shrewsbury (-36.3%). While Shrewsbury is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hannibal spend roughly 18.2% of their income on rent, more than the 16.1% in Shrewsbury.