Cost of Living in New Franklin, MO

A+
21%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
54%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index New Franklin Missouri National
Cost of living7988100
Goods & Services9592100
Groceries9695100
Health care9390100
Housing4678100
Transportation9091100
Utilities9399100
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Cost Of Living Quick Facts

  • The cost of living in New Franklin is 10% lower than the Missouri average
  • The cost of living in New Franklin is 21% lower than the national average
  • New Franklin housing is 54% lower than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around New Franklin

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Compare New Franklin, MO Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$54,000$4,500$1,260$1,620
      Renters$21,574$1,798$503$647

      Missouri Sales Tax

      State General Sales Tax With Max Surtax
      Missouri 4.225% 10.85%

      Missouri Income Tax

      State Income Tax (Low) Income Tax (High)
      Missouri 2% 4.95%

      Goods & Services

      Item New Franklin National avg. Difference
      Haircut $24.14$24.260.5%
      Beauty Salon $44.94$45.561.4%
      Toothpaste $3.76$3.701.6%
      Shampoo $1.05$1.2817.7%
      Movie $11.64$12.134.0%
      Bowling $16.11$18.0010.5%

      Groceries

      Item New Franklin National avg. Difference
      Ground Beef $6.28$5.847.5%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.66$4.670.3%
      Potatoes $4.70$4.934.7%
      Pizza $10.74$12.0911.1%
      Beer $9.14$10.4112.2%

      Health Care

      Item New Franklin National avg. Difference
      Optometrist $135.25$125.687.6%
      Doctor $141.87$135.784.5%
      Dentist $99.33$113.2912.3%
      Ibuprofen $10.20$10.654.2%
      Lipitor $369.77$468.6021.1%

      Housing

      Item New Franklin National avg. Difference
      Home Price $82,300.00$184,700.0055.4%
      Avg. Mortgage Payment $2,216.67$2,346.695.5%
      Apartment Rent $459.00$949.0051.6%

      Transportation

      Item New Franklin National avg. Difference
      Gasoline $3.24$3.466.3%
      Tire Balancing $47.66$59.9220.5%

      Utilities

      Item New Franklin National avg. Difference
      All Electricity $168.45$193.9913.2%
      Phone $197.21$192.252.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Huntsdale, MO21946.2%
      Franklin, MO122946.2%
      Blackwater, MO2097525.1%
      Prairie Home, MO2438019.6%
      Glasgow, MO1,1178119.3%
      New Franklin, MO1,0167920.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Merrill, IA1,0168514.8%
      Burrton, KS1,0168218.0%
      Mount Vernon, MD1,0169010.0%
      Greene, RI1,01612020.3%
      Hewitt, WI1,016919.1%
      New Franklin, MO1,0167920.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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