Mineral Point, MO vs Sturgeon, MO
There is a significant gap in the cost of living between these two cities. Sturgeon is 26.2% cheaper than Mineral Point. With a cost index of 69 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Sturgeon to Mineral Point should plan for substantially higher expenses across most categories.
Renters will find that Mineral Point has a median rent of $1,013/month while Sturgeon comes in at $886/month, a 14% difference.
Median household income in Mineral Point is $39,087 compared to $66,500 in Sturgeon (-41.2%). Sturgeon 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% in Sturgeon. The Sturgeon ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.
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