Living in New Florence, Missouri
Cost of living, income, home prices, rent and demographics of New Florence · Census data 2020–2024
New Florence has 667 residents with a median age of 47.7. The median household income is $42,174 (40% lower than the Missouri median), the median home value is $95,100, the median rent is $869/month.
New Florence is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Florence at a glance
- Population
- 667
- Median age
- 47.7State: 39
- Median household income
- $42,174State: $70,702
- Median home value
- $95,100State: $230,300
- Median rent
- $869/moState: $1,033
- Homeowners
- 73.2%
- Bachelor's degree or higher
- 16.5%
- Average commute
- 23 min
Is New Florence a good place to live?
Pros: Home values 59% lower than the state median; an average commute of 23 minutes; unemployment of 0.8%.
Cons: Median household income 40% lower than the Missouri median; a poverty rate of 13.5%.
The weather is best in May–June and September–October.
Cost of living in New Florence
Housing is the biggest part of the cost of living. In New Florence the median home value is $95,100, 71% lower than the U.S. median. Renters pay a median of $869 per month, which is 19.7% of household income. Homeowners with a mortgage pay $950 a month in housing costs.
New Florence median household income
The median household income in New Florence is $42,174 and the income per person is $27,391. 13.5% of residents live below the poverty line (Missouri: 12.6%).
Housing in New Florence: homes for sale and rent
- Housing units
- 304
- Owner-occupied
- 73.2%
- Renter-occupied
- 26.8%
- Vacant
- 6.6%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.12
New Florence demographics
- Population
- 667
- Median age
- 47.7
- Under 18
- 14.8%
- 65 and older
- 16.9%
- Households
- 284
- Foreign-born
- 4.2%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of New Florence ›
Education in New Florence
16.5% of adults 25 and older in New Florence have a bachelor's degree or higher (Missouri: 32.4%), and 3.8% have a graduate or professional degree.
Jobs and commute in New Florence
- Unemployment rate
- 0.8%State: 4%
- Average commute
- 23 minState: 24 min
- Work from home
- 3.5%
- Drive alone
- 84.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 76.8%
New Florence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Florence | 667 | $42,174 | $95,100 | $869 |
| High Hill | 238 | $63,750 | $123,800 | $538 |
| Montgomery City | 2,801 | $57,500 | $161,100 | $767 |
| Big Spring | 140 | $100,500 | $210,000 | — |
| Bellflower | 238 | $45,313 | $61,700 | $907 |
| Jonesburg | 806 | $74,821 | $174,200 | $912 |
| Wellsville | 1,165 | $61,429 | $84,400 | $725 |
| Rhineland | 165 | $95,625 | $170,500 | $688 |
| Hermann | 2,290 | $61,979 | $191,300 | $721 |
More for people moving to New Florence
New Florence ZIP code ›Weather and climate ›Living in New Florence: FAQ
What is the median household income in New Florence, MO?
The median household income in New Florence is $42,174, 40% lower than the Missouri median of $70,702 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Florence?
The median home value in New Florence is $95,100, compared with $230,300 in Missouri.
How much is rent in New Florence?
The median gross rent in New Florence is $869 per month, about 19.7% of household income.
Is New Florence, MO a good place to live?
Pluses: home values 59% lower than the state median; an average commute of 23 minutes; unemployment of 0.8%. Minuses: median household income 40% lower than the Missouri median; a poverty rate of 13.5%.
What is the median age in New Florence?
The median age in New Florence is 47.7 years (Missouri: 39).
How long is the commute in New Florence?
The average commute to work in New Florence is 23 minutes; 3.5% of workers work from home.
What is the unemployment rate in New Florence?
The unemployment rate in New Florence is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Florence?
16.5% of adults in New Florence have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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