Iron Mountain Lake, MO vs Merriam Woods, MO

There is a significant gap in the cost of living between these two cities. Iron Mountain Lake is 23.8% cheaper than Merriam Woods. With a cost index of 57 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Iron Mountain Lake to Merriam Woods should plan for substantially higher expenses across most categories.

On the housing front, median rent in Iron Mountain Lake is $715/month compared to $1,102/month in Merriam Woods — a 35% difference. Home values follow the same pattern: Iron Mountain Lake is more affordable at $38,600 median vs $111,800.

Median household income in Iron Mountain Lake is $30,395 compared to $50,000 in Merriam Woods (-39.2%). While Merriam Woods is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iron Mountain Lake spend roughly 28.2% of their income on rent, more than the 26.4% in Merriam Woods.