Malden, MO vs Steelville, MO

Malden, MO and Steelville, MO have a very similar cost of living, with only a 1.9% difference in their overall index. Malden scores 61 while Steelville scores 59 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 Malden is $702/month compared to $683/month in Steelville — a 3% difference. Home values follow the same pattern: Steelville is more affordable at $82,500 median vs $88,900.

Median household income in Malden is $38,786 compared to $32,404 in Steelville (+19.7%). While Malden is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Malden spend roughly 21.7% of their income on rent, less than the 25.3% in Steelville.