Lamar, MO vs Shell Knob, MO

There is a significant gap in the cost of living between these two cities. Lamar is 24% cheaper than Shell Knob. With a cost index of 67 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lamar to Shell Knob should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lamar is $830/month compared to $1,010/month in Shell Knob — a 18% difference. Home values follow the same pattern: Lamar is more affordable at $114,800 median vs $304,700.

Median household income in Lamar is $34,894 compared to $51,852 in Shell Knob (-32.7%). While Shell Knob is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lamar spend roughly 28.5% of their income on rent, more than the 23.4% in Shell Knob.