Hillsboro, MO vs St. Martins, MO
There is a significant gap in the cost of living between these two cities. St. Martins is 19.8% cheaper than Hillsboro. With a cost index of 65 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from St. Martins to Hillsboro should plan for substantially higher expenses across most categories.
On the housing front, median rent in Hillsboro is $928/month compared to $538/month in St. Martins — a 73% difference. Interestingly, home values tell a different story: while St. Martins has cheaper rent, Hillsboro actually has lower median home values ($206,200 vs $225,000).
Median household income in Hillsboro is $65,278 compared to $78,125 in St. Martins (-16.4%). St. Martins offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hillsboro spend roughly 17.1% of their income on rent, more than the 8.3% in St. Martins.
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