Living in New Madrid, Missouri
Cost of living, income, home prices, rent and demographics of New Madrid · Census data 2020–2024
New Madrid has 2,662 residents with a median age of 38.9. The median household income is $57,727 (18% lower than the Missouri median), the median home value is $127,500, the median rent is $786/month.
New Madrid at a glance
- Population
- 2,662
- Median age
- 38.9State: 39
- Median household income
- $57,727State: $70,702
- Median home value
- $127,500State: $230,300
- Median rent
- $786/moState: $1,033
- Homeowners
- 60%
- Bachelor's degree or higher
- 19.5%
- Average commute
- 17 min
Is New Madrid a good place to live?
Pros: Home values 45% lower than the state median; an average commute of 17 minutes; unemployment of 0.7%; a poverty rate of 12.3%.
Cons: Median household income 18% lower than the Missouri median.
The weather is best in May and August to October.
Cost of living in New Madrid
Housing is the biggest part of the cost of living. In New Madrid the median home value is $127,500, 62% lower than the U.S. median. Renters pay a median of $786 per month, which is 26.4% of household income. Homeowners with a mortgage pay $1,118 a month in housing costs.
New Madrid median household income
The median household income in New Madrid is $57,727 and the income per person is $29,838. 12.3% of residents live below the poverty line (Missouri: 12.6%).
Housing in New Madrid: homes for sale and rent
- Housing units
- 1,377
- Owner-occupied
- 60%
- Renter-occupied
- 40%
- Vacant
- 16%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.21
New Madrid demographics
- Population
- 2,662
- Median age
- 38.9
- Under 18
- 21.9%
- 65 and older
- 21%
- Households
- 1,156
- Foreign-born
- 1.8%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of New Madrid ›
Education in New Madrid
19.5% of adults 25 and older in New Madrid have a bachelor's degree or higher (Missouri: 32.4%), and 5.5% have a graduate or professional degree.
Jobs and commute in New Madrid
- Unemployment rate
- 0.7%State: 4%
- Average commute
- 17 minState: 24 min
- Work from home
- 0%
- Drive alone
- 90.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.2%
New Madrid vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Madrid | 2,662 | $57,727 | $127,500 | $786 |
| Howardville | 179 | $13,281 | $54,100 | $375 |
| Lilbourn | 905 | $40,625 | $57,300 | $646 |
| Marston | 400 | $35,000 | $64,300 | $682 |
| Matthews | 561 | $42,695 | $108,400 | $749 |
| Portageville | 2,825 | $52,279 | $152,400 | $764 |
| Canalou | 177 | $46,875 | $32,000 | — |
| Parma | 596 | $63,750 | $43,300 | $575 |
| Risco | 288 | $48,000 | $62,300 | $696 |
More for people moving to New Madrid
New Madrid ZIP code ›Weather and climate ›Living in New Madrid: FAQ
What is the median household income in New Madrid, MO?
The median household income in New Madrid is $57,727, 18% 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 Madrid?
The median home value in New Madrid is $127,500, compared with $230,300 in Missouri.
How much is rent in New Madrid?
The median gross rent in New Madrid is $786 per month, about 26.4% of household income.
Is New Madrid, MO a good place to live?
Pluses: home values 45% lower than the state median; an average commute of 17 minutes; unemployment of 0.7%; a poverty rate of 12.3%. Minuses: median household income 18% lower than the Missouri median.
What is the median age in New Madrid?
The median age in New Madrid is 38.9 years (Missouri: 39).
How long is the commute in New Madrid?
The average commute to work in New Madrid is 17 minutes; 0% of workers work from home.
What is the unemployment rate in New Madrid?
The unemployment rate in New Madrid is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Madrid?
19.5% of adults in New Madrid 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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