Dexter, MO vs New Madrid, MO

Dexter, MO and New Madrid, MO have a very similar cost of living, with only a 2.8% difference in their overall index. Dexter scores 65 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 Dexter is $717/month compared to $692/month in New Madrid — a 4% difference. Home values follow the same pattern: New Madrid is more affordable at $120,700 median vs $132,700.

Median household income in Dexter is $47,647 compared to $51,250 in New Madrid (-7%). 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 Dexter spend roughly 18.1% of their income on rent, more than the 16.2% in New Madrid.