Kennett, MO vs Palmyra, MO

There is a significant gap in the cost of living between these two cities. Kennett is 17.8% cheaper than Palmyra. With a cost index of 59 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Kennett to Palmyra should plan for substantially higher expenses across most categories.

On the housing front, median rent in Kennett is $600/month compared to $852/month in Palmyra — a 30% difference. Home values follow the same pattern: Kennett is more affordable at $103,600 median vs $165,000.

Median household income in Kennett is $53,164 compared to $69,211 in Palmyra (-23.2%). While Palmyra is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Kennett spend roughly 13.5% of their income on rent, less than the 14.8% in Palmyra.