Housing costs in New Home?
A typical home costs
$189,500, which is 44.0% less expensive than the national average of
$338,100 and 10.7% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in New Home costs
$750 per month, which is 47.6% more than the national average of
$1,430 and 26.7% cheaper than the state average of
$950.
Can I afford New Home?
To live comfortably in New Home, Missouri, a minimum annual income of
$36,360 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about New Home?
The cost of living in New Home, MO is relatively low. Housing costs are affordable, with the median home value being just $117,600. Goods and services are also fairly inexpensive, and the overall cost of living index is just below the national average. Residents can purchase groceries and other goods for lower prices than many other cities around the country. With a low unemployment rate and good job opportunities in the area, many people find New Home to be an ideal place to live.