Goodman, MO
Population 1,081 · Missouri
About Goodman, MO
Goodman is a small town located in Missouri with a population of 1,081 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,610 per year, which is 43% below the national median of $75,149. The median age of 35 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Goodman features a median home value of $94,400, which is 61% below the national median of $244,900. This makes Goodman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $695, 40% below the national average of $1,163/month. Of the 479 total housing units, 85% are owner-occupied (372 units) and 15% are renter-occupied (67 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Goodman shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 19.6%, above the national average of 12.4%. Workers in Goodman have an average one-way commute time of 27 minutes.
Education & Demographics
18.5% of Goodman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 9.3% White, 8.8% Hispanic or Latino, 0.0% Black or African American, and 3.5% Asian residents, with 9.3% of the population being foreign-born.
Cost of Living in Goodman, MO
Compared to national averages, Goodman has a median household income of $42,610 (43% below the national median of $75,149). Home values average $94,400, which is 61% below the national median. Monthly rent at $695 is 40% below the US average of $1,163. Within Missouri, Goodman's income is 30% below the state average of $61,047, and home values are 37% below the state median of $150,786.
Why Live in Goodman, MO?
Goodman offers affordable housing with a median home value of $94,400, below the US average of $244,900, and rent that’s lower than the national average at $695/month.
Potential considerations include median household income ($42,610) that falls below the national average. However, Goodman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Goodman has a population of 1,081 with a median age of 35 years. Compare Goodman with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Goodman
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Waukomis | 1,085 | $119,519 | $412,100 | Compare |
| Indian Lake | 1,075 | $89,583 | $184,000 | Compare |
| Loma Linda | 1,070 | $90,294 | $257,100 | Compare |
| Mound City | 1,103 | $60,735 | $124,700 | Compare |
| Ellington | 1,104 | $33,953 | $70,000 | Compare |
| Pasadena Hills | 1,104 | $85,694 | $248,300 | Compare |
| Maysville | 1,106 | $48,125 | $137,500 | Compare |
| Glasgow | 1,054 | $45,703 | $115,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Goodman With Other Cities
Frequently Asked Questions about Goodman
What is the population of Goodman, MO?
The population of Goodman, MO is 1,081 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Goodman?
The median household income in Goodman, MO is $42,610 per year, which is 43% below the national median of $75,149.
What is the median home value in Goodman?
The median home value in Goodman, MO is $94,400, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Goodman?
The median monthly rent in Goodman, MO is $695, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Goodman?
The unemployment rate in Goodman, MO is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Goodman, MO a good place to live?
Goodman offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,081 and a median age of 35, the city appeals to a broad range of residents.
How educated is Goodman, MO?
18.5% of residents in Goodman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Goodman?
Key cost-of-living indicators for Goodman, MO: median home value is $94,400 (61% below national), median rent is $695/month, and median household income is $42,610. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Goodman?
The poverty rate in Goodman, MO is 19.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Goodman, MO?
Goodman's population is 9.3% White, 8.8% Hispanic or Latino, 0.0% Black or African American, 3.5% Asian, and 0.1% two or more races. 9.3% of residents are foreign-born.