New Madrid, MO
Population 2,720 · Missouri
About New Madrid, MO
New Madrid is a small town located in Missouri with a population of 2,720 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,250 per year, which is 32% below the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Madrid features a median home value of $120,700, which is 51% below the national median of $244,900. This makes New Madrid one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $692, 40% below the national average of $1,163/month. Of the 1,394 total housing units, 59% are owner-occupied (690 units) and 41% are renter-occupied (480 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Madrid shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Madrid have an average one-way commute time of 18.6 minutes, one of the shorter commutes in the region.
Education & Demographics
16.6% of New Madrid 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 0.8% White, 1.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in New Madrid, MO
Compared to national averages, New Madrid has a median household income of $51,250 (32% below the national median of $75,149). Home values average $120,700, which is 51% below the national median. Monthly rent at $692 is 40% below the US average of $1,163. Within Missouri, New Madrid's income is 16% below the state average of $61,047, and home values are 20% below the state median of $150,786.
Why Live in New Madrid, MO?
New Madrid offers affordable housing with a median home value of $120,700, below the US average of $244,900, and rent that’s lower than the national average at $692/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 9.3%, better than the national average, and short commute times averaging just 18.6 minutes.
Potential considerations include median household income ($51,250) that falls below the national average. However, New Madrid’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Madrid has a population of 2,720 with a median age of 41.1 years. Compare New Madrid with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near New Madrid
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bel-Ridge | 2,714 | $39,878 | $88,900 | Compare |
| Pine Lawn | 2,738 | $19,924 | $51,700 | Compare |
| Marionville | 2,701 | $50,250 | $125,700 | Compare |
| Canton | 2,741 | $46,941 | $115,100 | Compare |
| Lawson | 2,742 | $63,799 | $169,500 | Compare |
| Pleasant Valley | 2,744 | $78,750 | $195,200 | Compare |
| Forsyth | 2,749 | $44,352 | $185,900 | Compare |
| Green Park | 2,688 | $75,833 | $215,100 | 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 New Madrid With Other Cities
Frequently Asked Questions about New Madrid
What is the population of New Madrid, MO?
The population of New Madrid, MO is 2,720 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 New Madrid?
The median household income in New Madrid, MO is $51,250 per year, which is 32% below the national median of $75,149.
What is the median home value in New Madrid?
The median home value in New Madrid, MO is $120,700, which is 51% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Madrid?
The median monthly rent in New Madrid, MO is $692, which is 40% below the national average of $1,163/month.
What is the unemployment rate in New Madrid?
The unemployment rate in New Madrid, MO is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Madrid, MO a good place to live?
New Madrid offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,720 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is New Madrid, MO?
16.6% of residents in New Madrid 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 Madrid?
Key cost-of-living indicators for New Madrid, MO: median home value is $120,700 (51% below national), median rent is $692/month, and median household income is $51,250. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Madrid?
The poverty rate in New Madrid, MO is 9.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Madrid, MO?
New Madrid's population is 0.8% White, 1.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 14.5% two or more races. 1.3% of residents are foreign-born.