Salem, MO vs Troy, MO

There is a significant gap in the cost of living between these two cities. Salem is 29.8% cheaper than Troy. With a cost index of 58 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Salem to Troy should plan for substantially higher expenses across most categories.

On the housing front, median rent in Salem is $593/month compared to $1,051/month in Troy — a 44% difference. Home values follow the same pattern: Salem is more affordable at $97,200 median vs $212,100.

Median household income in Salem is $39,200 compared to $75,777 in Troy (-48.3%). 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 Salem spend roughly 18.2% of their income on rent, more than the 16.6% in Troy.