New Franklin, MO vs Wheaton, MO

There is a significant gap in the cost of living between these two cities. Wheaton is 16.9% cheaper than New Franklin. With a cost index of 53 vs 61, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Wheaton to New Franklin should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Franklin is $680/month compared to $466/month in Wheaton — a 46% difference. Home values follow the same pattern: Wheaton is more affordable at $105,300 median vs $117,700.

Median household income in New Franklin is $53,056 compared to $30,000 in Wheaton (+76.9%). 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 18.6% in Wheaton.