Mount Vernon, MO vs Neosho, MO

Mount Vernon, MO and Neosho, MO have a very similar cost of living, with only a 4.6% difference in their overall index. Mount Vernon scores 67 while Neosho 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 Mount Vernon is $691/month compared to $737/month in Neosho — a 6% difference. Interestingly, home values tell a different story: while Mount Vernon has cheaper rent, Neosho actually has lower median home values ($148,600 vs $175,000).

Median household income in Mount Vernon is $49,153 compared to $55,159 in Neosho (-10.9%). Neosho offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mount Vernon spend roughly 16.9% of their income on rent, more than the 16% in Neosho.