New Franklin cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNew FranklinMissouriNational
Cost of living index8291100
IndexNew FranklinMissouriNational
Goods & Services index10199100
Groceries index9695100
Health care index9997100
Housing index4779100
Transportation index8387100
Utilities index97104100

Did you know?

  • The cost of living in New Franklin is 10% lower than the Missouri average.
  • The cost of living in New Franklin is 18% lower than the national average.
  • The cost of housing in New Franklin is 53% lower than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

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Compare New Franklin, MO Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$39,583$3,299$924$1,188
Renters$17,969$1,497$419$539

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax
Missouri4.225%9.35%

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
Missouri1.5%6%

Goods & Services

ItemNew FranklinNational avg.Difference
Haircut $14.85$14.591.8%
Beauty Salon $23.56$34.6832.1%
Toothpaste $2.33$2.475.8%
Shampoo $0.87$1.0214.9%
Movie $9.63$9.872.4%
Bowling $4.25$4.393.2%

Groceries

ItemNew FranklinNational avg.Difference
Ground Beef $4.71$4.485.2%
Fried Chicken $1.45$1.461.0%
Milk $2.41$2.362.3%
Potatoes $2.47$3.0619.3%
Pizza $8.00$9.2413.4%
Beer $8.23$8.634.7%

Health Care

ItemNew FranklinNational avg.Difference
Optometrist $72.33$99.7827.5%
Doctor $118.50$105.0312.8%
Dentist $83.20$88.706.2%
Ibuprofen $8.74$9.417.1%
Lipitor $295.43$298.501.0%

Housing

ItemNew FranklinNational avg.Difference
Home Price $73,800.00$175,700.0058.0%
Avg. Mortgage Payment $959.30$1,081.0311.3%
Apartment Rent $544.00$920.0040.9%

Transportation

ItemNew FranklinNational avg.Difference
Gasoline $1.73$2.0917.5%
Tire Balancing $38.16$45.2915.7%

Utilities

ItemNew FranklinNational avg.Difference
All Electricity$156.44$170.808.4%
Phone $29.28$28.263.6%
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, StatePopulationCost of Living IndexNational Avg.
Franklin, MO7377-23%
Glasgow, MO1,34681-19%
Blackwater, MO14781-19%
Huntsdale, MO3082-18%
Pilot Grove, MO86683-17%
New Franklin, MO1,22982-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Warsaw, VA1,22993-7%
Talahi Island, GA1,22912828%
Gardiner, MT1,2291099%
Eagle Lake, WI1,22998-2%
Purdy, WA1,22912222%
New Franklin, MO1,22982-18%
Source: The New Franklin, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.