Matthews, MO vs Steele, MO

Matthews, MO and Steele, MO have a very similar cost of living, with only a 1.7% difference in their overall index. Matthews scores 63 while Steele scores 64 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 Matthews is $731/month compared to $729/month in Steele — a 0% difference. Interestingly, home values tell a different story: while Steele has cheaper rent, Matthews actually has lower median home values ($101,800 vs $115,900).

Median household income in Matthews is $44,013 compared to $33,750 in Steele (+30.4%). Matthews offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Matthews spend roughly 19.9% of their income on rent, less than the 25.9% in Steele.