Is there a difference between the Apple store (box   disc) version of iWork and the App store version?

Is there a difference between the iWork that can be purchased through the Apple Store and the AppStore version? There is a price difference between the two sets, and I was curious is there is a substantial difference.

The boxed versions are installed at the same time and have shared auxiliary files. When you buy them through the Mac App Store they are installed individually and the auxiliary files that they could share are installed individually, so there is duplication and they take up a bit more room.
And as Kappy says, you cannot update them through the MAS, the boxed set must be updated through Software Update.

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