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
National Ranking
Affordability Rank
New Madrid County ranks #2,684 of 3,144 counties for affordability (bottom 15%)
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.
Cost of Living Advisory: New Madrid County
Affordability Verdict
New Madrid County offers affordable rental housing at a median of $734/month — about 17.9% of the typical household income here.
Rent vs. Own
The median rent in New Madrid County is $734/month, while owner costs run $619/month. Owning saves approximately $115/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,360/year. For owner costs at the 28% rule, the required income is roughly $26,529/year. With a median household income of $49,237, most households can comfortably afford rent here. Notably, 27.0% of renter households in New Madrid County are cost-burdened, spending more than 30% of income on housing.
Regional Context
New Madrid County sits 6% less expensive than Carroll County ($785/month) in terms of median gross rent.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
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.
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