Ironton, MO vs Lancaster, MO

Lancaster is moderately more affordable than Ironton, with a 13.2% lower cost of living index. Ironton scores 62 compared to 55 for Lancaster, where the US average is 100. This difference means residents of Ironton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ironton is $703/month compared to $388/month in Lancaster — a 81% difference. Interestingly, home values tell a different story: while Lancaster has cheaper rent, Ironton actually has lower median home values ($109,900 vs $137,500).

Median household income in Ironton is $42,415 compared to $47,361 in Lancaster (-10.4%). Lancaster offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ironton spend roughly 19.9% of their income on rent, more than the 9.8% in Lancaster.