Nevada, MO
Population 7,998 · Missouri
About Nevada, MO
Nevada is a small town located in Missouri with a population of 7,998 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,799 per year, which is 39% below the national median of $75,149. The median age of 37.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Nevada features a median home value of $100,600, which is 59% below the national median of $244,900. This makes Nevada one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $716, 38% below the national average of $1,163/month. Of the 3,871 total housing units, 56% are owner-occupied (1,926 units) and 44% are renter-occupied (1,493 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Nevada shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 24.4%, above the national average of 12.4%. Workers in Nevada have an average one-way commute time of 17.2 minutes, one of the shorter commutes in the region.
Education & Demographics
18.1% of Nevada 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 3.2% White, 2.7% Hispanic or Latino, 0.5% Black or African American, and 0.6% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Nevada, MO
Compared to national averages, Nevada has a median household income of $45,799 (39% below the national median of $75,149). Home values average $100,600, which is 59% below the national median. Monthly rent at $716 is 38% below the US average of $1,163. Within Missouri, Nevada's income is 25% below the state average of $61,047, and home values are 33% below the state median of $150,786.
Why Live in Nevada, MO?
Nevada offers affordable housing with a median home value of $100,600, below the US average of $244,900, and rent that’s lower than the national average at $716/month, and short commute times averaging just 17.2 minutes.
Potential considerations include median household income ($45,799) that falls below the national average. However, Nevada’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nevada has a population of 7,998 with a median age of 37.5 years. Compare Nevada with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Nevada
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Parkville | 8,022 | $170,794 | $557,100 | Compare |
| Dexter | 7,906 | $47,647 | $132,700 | Compare |
| Berkeley | 8,149 | $40,654 | $80,000 | Compare |
| Brentwood | 8,151 | $86,641 | $276,100 | Compare |
| Maplewood | 8,154 | $65,510 | $231,500 | Compare |
| Carl Junction | 8,257 | $77,855 | $206,400 | Compare |
| Boonville | 7,682 | $51,321 | $173,400 | Compare |
| Marshfield | 7,599 | $67,134 | $201,300 | 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 Nevada With Other Cities
Frequently Asked Questions about Nevada
What is the population of Nevada, MO?
The population of Nevada, MO is 7,998 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 Nevada?
The median household income in Nevada, MO is $45,799 per year, which is 39% below the national median of $75,149.
What is the median home value in Nevada?
The median home value in Nevada, MO is $100,600, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nevada?
The median monthly rent in Nevada, MO is $716, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Nevada?
The unemployment rate in Nevada, MO is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Nevada, MO a good place to live?
Nevada offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,998 and a median age of 37.5, the city appeals to a broad range of residents.
How educated is Nevada, MO?
18.1% of residents in Nevada 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 Nevada?
Key cost-of-living indicators for Nevada, MO: median home value is $100,600 (59% below national), median rent is $716/month, and median household income is $45,799. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nevada?
The poverty rate in Nevada, MO is 24.4%, 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 Nevada, MO?
Nevada's population is 3.2% White, 2.7% Hispanic or Latino, 0.5% Black or African American, 0.6% Asian, and 1.9% two or more races. 1.6% of residents are foreign-born.