Hermitage, MO vs Middletown, MO
Hermitage, MO and Middletown, MO have a very similar cost of living, with only a 1.5% difference in their overall index. Hermitage scores 61 while Middletown scores 62 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 Hermitage is $678/month compared to $754/month in Middletown — a 10% difference. Interestingly, home values tell a different story: while Hermitage has cheaper rent, Middletown actually has lower median home values ($71,300 vs $103,100).
Median household income in Hermitage is $22,813 compared to $49,643 in Middletown (-54%). While Middletown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hermitage spend roughly 35.7% of their income on rent, more than the 18.2% in Middletown. The Middletown ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.
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