Palmyra, MO vs Taos, MO

Taos is moderately more affordable than Palmyra, with a 10.7% lower cost of living index. Palmyra scores 71 compared to 64 for Taos, where the US average is 100. This difference means residents of Palmyra can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Palmyra is $852/month compared to $425/month in Taos — a 101% difference. Interestingly, home values tell a different story: while Taos has cheaper rent, Palmyra actually has lower median home values ($165,000 vs $256,000).

Median household income in Palmyra is $69,211 compared to $103,594 in Taos (-33.2%). Taos offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Palmyra spend roughly 14.8% of their income on rent, more than the 4.9% in Taos.