Cost of Living in Newburg, MO

With a cost of living index of 58, Newburg, MO is one of the most affordable cities in the country. Living here is 42% cheaper than the national average and 16% below the Missouri state average of 75. Newburg is a small community of 319 residents.

Housing costs are the biggest factor in Newburg's cost of living. The median monthly rent is $725 (45% below the US median of $1,319), and the median home value sits at $54,700 (82% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Newburg is $24,135, which is 68% lower than the national median of $75,149. Residents spend roughly 36% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.