Cost of Living in Novelty, MO
Population: 103 | Missouri
Novelty is 22% less expensive than the national average.
Cost of Living in Novelty, MO: What You Need to Know
With a cost of living index of 78, Novelty, MO is a very affordable place to live. Living here is 22% cheaper than the national average and 3% above the Missouri state average of 75. Novelty is a small community of 103 residents.
The median household income in Novelty is $83,409, which is 11% higher than the national median of $75,149.
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.
Income
- Median Household Income
- $83,409
- vs US Median ($75,149)
- +11%
Housing
- Median Home Value
- $67,500