Mercer, MO vs New Franklin, MO

There is a significant gap in the cost of living between these two cities. Mercer is 20.5% cheaper than New Franklin. With a cost index of 49 vs 61, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mercer to New Franklin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Mercer is $399/month compared to $680/month in New Franklin — a 41% difference. Home values follow the same pattern: Mercer is more affordable at $58,100 median vs $117,700.

Median household income in Mercer is $39,583 compared to $53,056 in New Franklin (-25.4%). While New Franklin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mercer spend roughly 12.1% of their income on rent, less than the 15.4% in New Franklin.