Cost of Living in New Franklin, MO

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18%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
55%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index New Franklin Missouri National
Cost of living8290100
Groceries9996100
Health care9597100
Housing4577100
Transportation9896100
Utilities9795100
Lifestyle & Entertainment9695100
Household Items9697100
Education & Childcare9895100
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Homes For Sale In New Franklin, MO

property for sale

1136 U.s. Hwy 40

New Franklin, MO
property for sale

106 McCulley St

New Franklin, MO
property for sale

213 E Sulphur St

New Franklin, MO
property for sale

105 Court St

New Franklin, MO

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 18% lower than the national average
  • New Franklin housing is 55% 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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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$78,901$6,575$1,841$2,367
      Renters$32,209$2,684$751$966

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Franklin, MO127972.7%
      Huntsdale, MO21972.7%
      Blackwater, MO2177822.3%
      Prairie Home, MO2528316.9%
      Glasgow, MO1,1428316.6%
      New Franklin, MO1,0568218.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Merrill, IA1,0568811.6%
      Luckey, OH1,0568811.7%
      Perth, NB1,056n/a 
      Saint-Benjamin, QC1,056n/a 
      Primghar, IA1,0578217.6%
      New Franklin, MO1,0568218.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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