Billings, MO vs New Hampton, MO

New Hampton is moderately more affordable than Billings, with a 11.1% lower cost of living index. Billings scores 69 compared to 63 for New Hampton, where the US average is 100. This difference means residents of Billings can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Billings is $823/month compared to $825/month in New Hampton — a 0% difference. Interestingly, home values tell a different story: while Billings has cheaper rent, New Hampton actually has lower median home values ($67,000 vs $162,300).

Median household income in Billings is $43,846 compared to $28,393 in New Hampton (+54.4%). While Billings is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Billings spend roughly 22.5% of their income on rent, less than the 34.9% in New Hampton. The Billings ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.