Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Ratings
Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Located in the state of Missouri, New Madrid is a small-sized city with a population of 2,946 inhabitants. The majority of New Madrid residents report their race to be White; this is followed by Black and Asian.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in New Madrid, Missouri could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like amenities, cost of living, health & safety, education, employment and other key data points, finding the best places to live in New Madrid and in the areas around New Madrid is a much easier task.
New Madrid has a livability score of 65 out of 100 and is ranked #265 in Missouri and #12,497 in the USA. Based on the rankings for each individual category, New Madrid has received high marks for cost of living (A+) and housing (B). There is at least one category that you should be aware of in New Madrid. The following was graded with a less than perfect score: amenities (F), education (F) and employment (D-).
Finding affordable real estate and housing in New Madrid can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to New Madrid is real estate affordability. The median home price for New Madrid homes is $152,535, which is 38.9% lower than the Missouri average. If we take a closer look at the affordability of homes in New Madrid, we’ll see that the home price to income ratio is 2.4, which is 29.4% lower than the Missouri average.
Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.
| Statistic | New Madrid | Missouri | National |
| Average one way commute | 22min | 23min | 26min |
| Workers who drive to work | 85.3% | 81.6% | 76.4% |
| Workers who carpool | 13.7% | 9.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.0% | 1.9% | 2.8% |
| Working from home | 1.0% | 4.6% | 4.6% |
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