New Franklin, MO vs Piedmont, MO

New Franklin, MO and Piedmont, MO have a very similar cost of living, with only a 2.8% difference in their overall index. New Franklin scores 61 while Piedmont scores 60 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 New Franklin is $680/month compared to $639/month in Piedmont — a 6% difference. Home values follow the same pattern: Piedmont is more affordable at $102,400 median vs $117,700.

Median household income in New Franklin is $53,056 compared to $37,868 in Piedmont (+40.1%). While New Franklin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Franklin spend roughly 15.4% of their income on rent, less than the 20.2% in Piedmont.