Cost of Living in New Madrid County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How New Madrid County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in New Madrid County, Missouri
New Madrid faces severe rent burden
New Madrid County renters spend 17.9% of their income on rent, well above the comfortable 12-15% national range. This strained budget leaves households with minimal resources for savings, emergencies, or other essentials.
Significantly worse than Missouri
New Madrid's rent-to-income ratio of 17.9% substantially exceeds Missouri's state average of 15.6%, placing it among the least affordable counties in the state. The 2.3-percentage-point gap signals a serious affordability challenge.
High rents strain low incomes
New Madrid's median rent of $734/month rivals nearby Mississippi ($782), while the county's median income of $49,237 is among the region's lowest. This combination creates one of the region's toughest affordability situations.
New Madrid's income-housing crisis
New Madrid County residents earn just $49,237 annually, paying $734/month in rent or $619/month for mortgages on homes valued at $105,500. For renters, nearly 18% of gross income vanishes to housing costs, severely limiting financial flexibility.
New Madrid challenges budget seekers
If affordability is your priority, New Madrid County's 17.9% rent-to-income ratio makes it a difficult choice compared to neighbors like Mercer (10.9%) or Moniteau (14.1%). Explore surrounding counties before committing to relocate here.
Affordability Calculator
See how your income compares to housing costs in New Madrid County
Rent Burden
17.9%
of gross income
Max Housing (28% Rule)
$1,149
per month
Owner Cost Burden
15.1%
of gross income
You can likely afford the median home in New Madrid County
Median home value is $105,500. Estimated monthly cost: $842 vs. your max of $1,149.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.