Palmyra, MO vs Smithville, MO

There is a significant gap in the cost of living between these two cities. Palmyra is 15.6% cheaper than Smithville. With a cost index of 71 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Palmyra to Smithville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Palmyra is $852/month compared to $977/month in Smithville — a 13% difference. Home values follow the same pattern: Palmyra is more affordable at $165,000 median vs $272,500.

Median household income in Palmyra is $69,211 compared to $99,925 in Smithville (-30.7%). While Smithville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Palmyra spend roughly 14.8% of their income on rent, more than the 11.7% in Smithville.