Monroe City, MO vs Park Hills, MO

Monroe City, MO and Park Hills, MO have a very similar cost of living, with only a 0.5% difference in their overall index. Monroe City scores 65 while Park Hills 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 Monroe City is $662/month compared to $737/month in Park Hills — a 10% difference. Interestingly, home values tell a different story: while Monroe City has cheaper rent, Park Hills actually has lower median home values ($121,100 vs $152,400).

Median household income in Monroe City is $52,883 compared to $51,303 in Park Hills (+3.1%). While Monroe City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Monroe City spend roughly 15% of their income on rent, less than the 17.2% in Park Hills.