Living in Novelty, Missouri
Cost of living, income, home prices, rent and demographics of Novelty · Census data 2020–2024
Novelty has 63 residents with a median age of 55.5. The median household income is $69,167 (about the same as the Missouri median), the median home value is $109,400.
Novelty is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Novelty at a glance
- Population
- 63
- Median age
- 55.5State: 39
- Median household income
- $69,167State: $70,702
- Median home value
- $109,400State: $230,300
- Homeowners
- 80.8%
- Bachelor's degree or higher
- 5%
- Average commute
- 11 min
Is Novelty a good place to live?
Pros: Home values 52% lower than the state median; an average commute of 11 minutes; a poverty rate of 1.6%.
Cons: Median household income about the same as the Missouri median.
The weather is best in May–June and August–September.
Cost of living in Novelty
Housing is the biggest part of the cost of living. In Novelty the median home value is $109,400, 67% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,125 a month in housing costs.
Novelty median household income
The median household income in Novelty is $69,167 and the income per person is $23,754. 1.6% of residents live below the poverty line (Missouri: 12.6%).
Housing in Novelty: homes for sale and rent
- Housing units
- 42
- Owner-occupied
- 80.8%
- Renter-occupied
- 19.2%
- Vacant
- 38.1%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.42
38.1% of homes are vacant most of the year, a sign that Novelty has many vacation and second homes.
Novelty demographics
- Population
- 63
- Median age
- 55.5
- Under 18
- 27%
- 65 and older
- 36.5%
- Households
- 26
- Foreign-born
- 0%
- Veterans
- 19.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Novelty ›
Education in Novelty
5% of adults 25 and older in Novelty have a bachelor's degree or higher (Missouri: 32.4%), and 0% have a graduate or professional degree.
Jobs and commute in Novelty
- Unemployment rate
- 0%State: 4%
- Average commute
- 11 minState: 24 min
- Work from home
- 5.3%
- Drive alone
- 36.8%
- Public transit
- 0%
- Walk to work
- 26.3%
- Homes with broadband
- 57.7%
Novelty vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Novelty | 63 | $69,167 | $109,400 | — |
| Hurdland | 173 | $34,125 | $48,800 | $742 |
| Edina | 1,250 | $42,396 | $85,600 | $655 |
| Brashear | 182 | $47,083 | $65,000 | $290 |
| Bethel | 126 | $65,938 | $63,800 | $392 |
| Knox City | 103 | $43,750 | $86,100 | $656 |
| La Plata | 1,351 | $50,000 | $105,800 | $334 |
| Atlanta | 499 | $68,000 | $98,800 | $680 |
| Shelbyville | 621 | $52,250 | $85,200 | $513 |
More for people moving to Novelty
Novelty ZIP code ›Weather and climate ›Living in Novelty: FAQ
What is the median household income in Novelty, MO?
The median household income in Novelty is $69,167, about the same as 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 Novelty?
The median home value in Novelty is $109,400, compared with $230,300 in Missouri.
Is Novelty, MO a good place to live?
Pluses: home values 52% lower than the state median; an average commute of 11 minutes; a poverty rate of 1.6%. Minuses: median household income about the same as the Missouri median.
What is the median age in Novelty?
The median age in Novelty is 55.5 years (Missouri: 39).
How long is the commute in Novelty?
The average commute to work in Novelty is 11 minutes; 5.3% of workers work from home.
What is the unemployment rate in Novelty?
The unemployment rate in Novelty is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Novelty?
5% of adults in Novelty 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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