Mount Vernon, MO vs Troy, MO

There is a significant gap in the cost of living between these two cities. Mount Vernon is 18.4% cheaper than Troy. With a cost index of 67 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mount Vernon to Troy should plan for substantially higher expenses across most categories.

On the housing front, median rent in Mount Vernon is $691/month compared to $1,051/month in Troy — a 34% difference. Home values follow the same pattern: Mount Vernon is more affordable at $175,000 median vs $212,100.

Median household income in Mount Vernon is $49,153 compared to $75,777 in Troy (-35.1%). While Troy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mount Vernon spend roughly 16.9% of their income on rent, more than the 16.6% in Troy.