La Monte, MO vs Licking, MO

La Monte, MO and Licking, MO have a very similar cost of living, with only a 1.9% difference in their overall index. La Monte scores 61 while Licking scores 60 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 La Monte is $663/month compared to $614/month in Licking — a 8% difference. Interestingly, home values tell a different story: while Licking has cheaper rent, La Monte actually has lower median home values ($104,800 vs $109,000).

Median household income in La Monte is $63,021 compared to $32,813 in Licking (+92.1%). While La Monte is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of La Monte spend roughly 12.6% of their income on rent, less than the 22.5% in Licking.