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Cost of Living in New Madrid County

Is it better to rent or buy in New Madrid County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$50,955
$714/mo

Median in area: $714

$115,956

Median in area: $115,956

$23,191

If you Rent

🔑
$923 /mo
Base Rent$714
Est. Utilities$209
% of Income21.7%
Pre-tax Residual$3,323

If you Buy

🏠
$1,016 /mo
P&I (7.317%)$637
Taxes & Ins$170
Est. Utilities$209
% of Income23.9%
Pre-tax Residual$3,230

Compare Nearby Areas

See how New Madrid County stacks up against neighboring areas.

countyLake County, TN
$535/mo
countyMississippi County, MO
$754/mo
countyFulton County, KY
$527/mo
countyPemiscot County, MO
$701/mo
countyStoddard County, MO
$755/mo

Cost of Living FAQs

Is it cheaper to rent or buy in New Madrid County?›

Based on median housing data, renting is currently more affordable on a monthly basis in New Madrid County. The estimated all-in monthly cost for renting is $923, while owning a median-priced home with a 20% down payment is roughly $1,016 per month (a difference of $93).

How much do utilities cost in New Madrid County?›

The average monthly utility cost (electricity and natural gas) for a typical home in New Madrid County is approximately $209. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in New Madrid County?›

To comfortably afford the median rent and utilities in New Madrid County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $36,920 per year.