Montgomery City, MO vs Nevada, MO

Montgomery City, MO and Nevada, MO have a very similar cost of living, with only a 3% difference in their overall index. Montgomery City scores 64 while Nevada scores 62 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 Montgomery City is $723/month compared to $716/month in Nevada — a 1% difference. Home values follow the same pattern: Nevada is more affordable at $100,600 median vs $137,500.

Median household income in Montgomery City is $51,707 compared to $45,799 in Nevada (+12.9%). While Montgomery 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 Montgomery City spend roughly 16.8% of their income on rent, less than the 18.8% in Nevada.