Steelville, MO vs Urbana, MO

Steelville, MO and Urbana, MO have a very similar cost of living, with only a 4.9% difference in their overall index. Steelville scores 59 while Urbana scores 57 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Steelville is $683/month compared to $625/month in Urbana — a 9% difference. Home values follow the same pattern: Urbana is more affordable at $80,000 median vs $82,500.

Median household income in Steelville is $32,404 compared to $36,563 in Urbana (-11.4%). Urbana offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Steelville spend roughly 25.3% of their income on rent, more than the 20.5% in Urbana.