Moreno Valley is 15% cheaper than Downey.
When comparing Moreno Valley, CA and Downey, CA, the overall cost of living indices are 144 and 169 respectively (national median = 100). Rent is $144/month cheaper in Downey, saving renters about $1,728/year.
Median household income is $77/year higher in Moreno Valley. Home values also differ significantly — the median in Moreno Valley is $461,400 compared to $728,500 in Downey.
Both cities share the same state tax structure since they are in California.
Moreno Valley vs Downey — common questions
Other cost of living comparisons for Moreno Valley and Downey