Gainesville, MO vs New Hampton, MO

Gainesville is moderately more affordable than New Hampton, with a 6.8% lower cost of living index. Gainesville scores 58 compared to 63 for New Hampton, where the US average is 100. This difference means residents of New Hampton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gainesville is $602/month compared to $825/month in New Hampton — a 27% difference. Interestingly, home values tell a different story: while Gainesville has cheaper rent, New Hampton actually has lower median home values ($67,000 vs $97,900).

Median household income in Gainesville is $31,087 compared to $28,393 in New Hampton (+9.5%). Gainesville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gainesville spend roughly 23.2% of their income on rent, less than the 34.9% in New Hampton. The Gainesville ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.