Hillsdale, MO vs New Madrid, MO

New Madrid is moderately more affordable than Hillsdale, with a 11.3% lower cost of living index. Hillsdale scores 70 compared to 63 for New Madrid, where the US average is 100. This difference means residents of Hillsdale can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hillsdale is $1,071/month compared to $692/month in New Madrid — a 55% difference. Interestingly, home values tell a different story: while New Madrid has cheaper rent, Hillsdale actually has lower median home values ($51,700 vs $120,700).

Median household income in Hillsdale is $39,722 compared to $51,250 in New Madrid (-22.5%). 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 Hillsdale spend roughly 32.4% of their income on rent, more than the 16.2% in New Madrid. The New Madrid ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.