Steele, MO vs Woodson Terrace, MO

There is a significant gap in the cost of living between these two cities. Steele is 16.6% cheaper than Woodson Terrace. With a cost index of 64 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Steele to Woodson Terrace should plan for substantially higher expenses across most categories.

On the housing front, median rent in Steele is $729/month compared to $1,146/month in Woodson Terrace — a 36% difference. Interestingly, home values tell a different story: while Steele has cheaper rent, Woodson Terrace actually has lower median home values ($100,600 vs $115,900).

Median household income in Steele is $33,750 compared to $49,650 in Woodson Terrace (-32%). While Woodson Terrace is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Steele spend roughly 25.9% of their income on rent, less than the 27.7% in Woodson Terrace.