Chaffee, MO vs New Franklin, MO

Chaffee, MO and New Franklin, MO have a very similar cost of living, with only a 0.3% difference in their overall index. Chaffee scores 62 while New Franklin scores 61 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 Chaffee is $713/month compared to $680/month in New Franklin — a 5% difference. Home values follow the same pattern: New Franklin is more affordable at $117,700 median vs $120,900.

Median household income in Chaffee is $41,024 compared to $53,056 in New Franklin (-22.7%). New Franklin offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Chaffee spend roughly 20.9% of their income on rent, more than the 15.4% in New Franklin.