New Franklin, MO
Population 1,015 · Missouri
About New Franklin, MO
New Franklin is a small community in Missouri with a population of 1,015 residents. The median household income is $53,056 per year, which is near the national average. The median age in New Franklin is 41.2 years.
Housing in New Franklin has a median home value of $117,700 and median monthly rent of $680. Of the 452 total housing units, the majority are owner-occupied, with 234 owner-occupied and 142 renter-occupied units.
The unemployment rate in New Franklin is 4.5% and the poverty rate is 18.5%. 22.4% of residents hold a bachelor's degree or higher. The average commute time is 36.7 minutes.
Cost of Living in New Franklin, MO
Compared to national averages, New Franklin has a median household income of $53,056 (29% below the national median of $75,149). Home values average $117,700, which is 52% below the national median. Monthly rent at $680 is 42% below the US average of $1,163. Within Missouri, New Franklin's income is 13% below the state average of $61,047, and home values are 22% below the state median of $150,786.
Why Live in New Franklin, MO?
New Franklin offers affordable housing with a median home value of $117,700, below the US average of $244,900, and rent that’s lower than the national average at $680/month.
Potential considerations include median household income ($53,056) that falls below the national average. However, New Franklin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Franklin has a population of 1,015 with a median age of 41.2 years. Compare New Franklin with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near New Franklin
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Country Club Hills | 1,017 | $48,132 | $49,400 | Compare |
| Lilbourn | 1,021 | $41,250 | $65,600 | Compare |
| Exeter | 997 | $48,214 | $106,300 | Compare |
| Grant City | 993 | $41,250 | $74,100 | Compare |
| Laurie | 992 | $46,667 | $185,800 | Compare |
| Reeds Spring | 992 | $54,565 | $175,700 | Compare |
| Drexel | 1,039 | $51,910 | $128,600 | Compare |
| Highlandville | 1,049 | $58,438 | $180,400 | 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.
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Frequently Asked Questions about New Franklin
What is the population of New Franklin, MO?
The population of New Franklin, MO is 1,015 according to the latest Census data.
What is the median household income in New Franklin?
The median household income in New Franklin, MO is $53,056 per year.
What is the median home value in New Franklin?
The median home value in New Franklin, MO is $117,700.
What is the average rent in New Franklin?
The median monthly rent in New Franklin, MO is $680.
What is the unemployment rate in New Franklin?
The unemployment rate in New Franklin, MO is 4.5%.