Milan, MO vs Waynesville, MO

There is a significant gap in the cost of living between these two cities. Milan is 20.3% cheaper than Waynesville. With a cost index of 61 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Milan to Waynesville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Milan is $699/month compared to $899/month in Waynesville — a 22% difference. Home values follow the same pattern: Milan is more affordable at $89,700 median vs $204,100.

Median household income in Milan is $52,647 compared to $75,179 in Waynesville (-30%). While Waynesville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milan spend roughly 15.9% of their income on rent, more than the 14.3% in Waynesville.