Cost of Living in New Haven, MO

Population 3,389 · Missouri · Data vintage 2023

64
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in New Haven can reasonably expect a home to cost less than three years of household income — $188,000 against $69,701 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

New Haven is about 55 miles west of St. Louis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with St. Louis' $185,000 median.

Cost Overview

Housing 62
Rent 67

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in New Haven

The median home value in New Haven is $187,600 — 38% below the national median of $305,000. Median rent runs $883/month, 33% lower than the national median of $1,314/month. The median household income of $69,701/year is 7% lower than the US median of $74,580. The local unemployment rate is 4.9%, above the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, New Haven has a cost of living index of 64 versus the US average of 100, meaning it is 36% less expensive.

🏠 Housing

Median Home Value
$187,600
38% below avg
Zillow Home Value
$652,267
Zillow ZHVI
Median Rent
$883/mo
33% below avg
Price-to-Rent Ratio
17.7x
Favors buying
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$623
1 BR
$668
2 BR
$826
3 BR
$1,142
4 BR
$1,311
Owner-occupied 77.9%
Renter-occupied 22.1%

💰 Estimated Monthly Budget

Rent median rent
$883
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,497/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.3 min
25% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.0%

Commute Mode

Drove alone
68.3%
Carpooled
15.1%
Walked
7.4%
Bicycle
0.4%
Work from home
8.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.0%
Total Sales Tax 8.4%
State rate 4.2%
Avg local rate 4.1%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$69,701
7% below avg
Per Capita Income
$28,750
Unemployment Rate
4.9%
2% above avg
Poverty Rate
12.5%
Labor Force Participation
65.0%

🎓 Education

Bachelor's degree+ 17.9%
Graduate degree 10.6%

👥 Demographics

Median Age 32
Male median age 30.7
Female median age 32.9

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
10.8:1
Student-teacher ratio
4
Public schools
617
Total enrollment

Frequently Asked Questions

What is the cost of living in New Haven, MO?

New Haven has a cost index of 64 (100 = national average). It is 36% below the national average.

What is average rent in New Haven, MO?

The median gross rent in New Haven is $883 per month based on 2023 Census data.

What is the average home price in New Haven?

The median home value in New Haven is $187,600 according to Zillow and Census data.

What is the median income in New Haven?

The median household income in New Haven is $69,701 per year (2023 ACS 5-year estimates).

What is the sales tax in New Haven, MO?

The combined state and local sales tax rate in New Haven is 8.4%. The Missouri state income tax top rate is 5.0%.

Is New Haven, MO affordable?

Yes, New Haven is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.

New Haven at a Glance

Population
3,389
Median Income
$69,701
Home Value
$187,600
Median Rent
$883/mo
Unemployment
4.9%
Sales Tax
8.4%
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