Mineral Point, MO vs Ridgely, MO

Ridgely is moderately more affordable than Mineral Point, with a 5.8% lower cost of living index. Mineral Point scores 88 compared to 83 for Ridgely, where the US average is 100. This difference means residents of Mineral Point can expect to pay noticeably more for everyday expenses, housing, and services.

Renters will find that Mineral Point has a median rent of $1,013/month while Ridgely comes in at $950/month, a 7% difference.

Median household income in Mineral Point is $39,087 compared to $69,375 in Ridgely (-43.7%). Ridgely offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mineral Point spend roughly 31.1% of their income on rent, more than the 16.4% in Ridgely. The Ridgely ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.