Steelville, MO vs Woodson Terrace, MO

There is a significant gap in the cost of living between these two cities. Steelville is 22% cheaper than Woodson Terrace. With a cost index of 59 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Steelville to Woodson Terrace should plan for substantially higher expenses across most categories.

On the housing front, median rent in Steelville is $683/month compared to $1,146/month in Woodson Terrace — a 40% difference. Home values follow the same pattern: Steelville is more affordable at $82,500 median vs $100,600.

Median household income in Steelville is $32,404 compared to $49,650 in Woodson Terrace (-34.7%). 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 Steelville spend roughly 25.3% of their income on rent, less than the 27.7% in Woodson Terrace.