New Florence, MO
Population 784 · Missouri
About New Florence, MO
New Florence is a small community located in Missouri with a population of 784 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,125 per year, which is 36% below the national median of $75,149. The median age of 47 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New Florence features a median home value of $92,800, which is 62% below the national median of $244,900. This makes New Florence one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $883, 24% below the national average of $1,163/month. Of the 318 total housing units, 65% are owner-occupied (194 units) and 35% are renter-occupied (104 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Florence shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 19.2%, above the national average of 12.4%. Workers in New Florence have an average one-way commute time of 22.7 minutes.
Education & Demographics
15.3% of New Florence 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 3.3% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in New Florence, MO
Compared to national averages, New Florence has a median household income of $48,125 (36% below the national median of $75,149). Home values average $92,800, which is 62% below the national median. Monthly rent at $883 is 24% below the US average of $1,163. Within Missouri, New Florence's income is 21% below the state average of $61,047, and home values are 38% below the state median of $150,786.
Why Live in New Florence, MO?
New Florence offers affordable housing with a median home value of $92,800, below the US average of $244,900, and rent that’s lower than the national average at $883/month, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features short commute times averaging just 22.7 minutes.
Potential considerations include median household income ($48,125) that falls below the national average. However, New Florence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Florence has a population of 784 with a median age of 47 years. Compare New Florence with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near New Florence
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Airport Drive | 785 | $64,375 | $210,000 | Compare |
| Jasper | 785 | $48,750 | $110,900 | Compare |
| Wood Heights | 783 | $85,417 | $187,500 | Compare |
| Orrick | 787 | $70,417 | $112,700 | Compare |
| Stewartsville | 781 | $73,906 | $121,400 | Compare |
| Iron Mountain Lake | 789 | $30,395 | $38,600 | Compare |
| La Belle | 777 | $35,074 | $81,500 | Compare |
| Liberal | 776 | $53,333 | $76,700 | 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.
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Frequently Asked Questions about New Florence
What is the population of New Florence, MO?
The population of New Florence, MO is 784 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in New Florence?
The median household income in New Florence, MO is $48,125 per year, which is 36% below the national median of $75,149.
What is the median home value in New Florence?
The median home value in New Florence, MO is $92,800, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Florence?
The median monthly rent in New Florence, MO is $883, which is 24% below the national average of $1,163/month.
What is the unemployment rate in New Florence?
The unemployment rate in New Florence, MO is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Florence, MO a good place to live?
New Florence offers a moderate cost of living, affordable housing, and a strong job market. With a population of 784 and a median age of 47, the city appeals to established professionals and retirees.
How educated is New Florence, MO?
15.3% of residents in New Florence 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 New Florence?
Key cost-of-living indicators for New Florence, MO: median home value is $92,800 (62% below national), median rent is $883/month, and median household income is $48,125. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Florence?
The poverty rate in New Florence, MO is 19.2%, 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 New Florence, MO?
New Florence's population is 3.3% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.3% two or more races. 2.9% of residents are foreign-born.