Aurora, MO vs New Madrid, MO

Aurora, MO and New Madrid, MO have a very similar cost of living, with only a 2% difference in their overall index. Aurora scores 64 while New Madrid scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Aurora is $766/month compared to $692/month in New Madrid — a 11% difference. Interestingly, home values tell a different story: while New Madrid has cheaper rent, Aurora actually has lower median home values ($108,700 vs $120,700).

Median household income in Aurora is $46,855 compared to $51,250 in New Madrid (-8.6%). New Madrid offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Aurora spend roughly 19.6% of their income on rent, more than the 16.2% in New Madrid.