Boonville, MO vs New Madrid, MO

New Madrid is moderately more affordable than Boonville, with a 8.8% lower cost of living index. Boonville scores 68 compared to 63 for New Madrid, where the US average is 100. This difference means residents of Boonville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Boonville is $759/month compared to $692/month in New Madrid — a 10% difference. Home values follow the same pattern: New Madrid is more affordable at $120,700 median vs $173,400.

Median household income in Boonville is $51,321 compared to $51,250 in New Madrid (+0.1%). Boonville does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Boonville spend roughly 17.7% of their income on rent, more than the 16.2% in New Madrid.