Housing costs in New Franklin?
A typical home costs
$151,000, which is 55.3% less expensive than the national average of
$338,100 and 28.9% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in New Franklin costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 28.4% cheaper than the state average of
$950.
Can I afford New Franklin?
To live comfortably in New Franklin, Missouri, a minimum annual income of
$28,800 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about New Franklin?
The cost of living in New Franklin, MO is quite reasonable. The overall cost of living index in the city is estimated to be about 86, which means it is 14% lower than the national average. Housing costs are very affordable compared to other areas, with a median home value of $107,100 and a median rent of just $612 per month. Prices for groceries, healthcare, and utilities are also generally lower than they are throughout the country. All in all, New Franklin is an excellent place to relocate to if you're looking for affordability without sacrificing quality.