New Madrid, MO vs Galva, IL: Cost of Living

Which city costs less?

Galva, IL has a modeled overall cost index 1.6% higher than New Madrid, MO.

New Madrid, MO · modeled 2BR rent
$940 / month
Galva, IL · modeled 2BR rent
$980 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare New Madrid, MO and Galva, IL using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
Numbers update automatically as you type

Estimated extra cost: $392/month in Galva, IL

$150,000 in your current city has a modeled equivalent of $154,704 in Galva, IL

Regional cost estimates: New Madrid, MO uses Memphis, TN. Galva, IL uses Chicago, IL. Available city ZIP rent estimates are shown separately.
Overall Cost
↑ 1.6%
More expensive
Monthly Impact
$392
Extra cost
Annual Impact
$4.7K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

New Madrid, MO

Population:3K
Cost Index:
71.6
100 = national average
Typical Home:$109K

Galva, IL

Population:2K
Cost Index:
72.7
100 = national average
Typical Home:$106K

Planning the move to Galva?

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New Madrid, MO

The Show-Me State

3K
Population
State Tax
Yes

Located in Missouri, this city has a population of 3K residents.

Galva, IL

The Prairie State

2K
Population
State Tax
Yes

Located in Illinois, this city has a population of 2K residents.

Cost Breakdown by Category

Estimated monthly spending: New Madrid, MO vs Galva, IL

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↑ 34.3%
New Madrid, MO
$1,841
Galva, IL
$2,472
Difference
$631
more
Other
↓ 15.2%
New Madrid, MO
$1,856
Galva, IL
$1,574
Difference
$281
less
Transportation
↑ 9.2%
New Madrid, MO
$1,378
Galva, IL
$1,505
Difference
$127
more
All Utilities
↓ 12.0%
New Madrid, MO
$644
Galva, IL
$567
Difference
$77.07
less
Groceries
↓ 1.5%
New Madrid, MO
$1,141
Galva, IL
$1,124
Difference
$17.20
less
Healthcare
↑ 1.5%
New Madrid, MO
$640
Galva, IL
$650
Difference
$9.72
more

🏠Rent Comparison

Studio
From$700
To$700
→ $0
1 Bed
From$720
To$800
↑ $80.00
2 Bed
From$940
To$980
↑ $40.00
3 Bed
From$1,130
To$1,280
↑ $150
New Madrid, MOZIP-level data

1BR range: $720–$720/mo

Galva, ILZIP-level data

1BR range: $800–$800/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in New Madrid, MO
$7,892
Monthly in Galva, IL
$392
Difference

Home Values

New Madrid
Galva
$109K
Median Value
$106K
↓ -2.8%
YoY Change
↑ +4.3%
↑ +21.8%
5-Year Change
↑ +23.6%

Homes in Galva are 3% less expensive than New Madrid

Calculate payment - New MadridCalculate payment - Galva

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $504
Per year
Monthly Difference
$42.00
More take-home
Effective Rate Diff
0.3%
Rate difference

New Madrid, MO

Federal Income Tax
Effective: 18.9%
$25.5K
Missouri State Tax
Effective: 5.3%
$7.9K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.0%
$44.9K
Take-Home Pay
$8,755/month
$105.1K

Galva, IL

Federal Income Tax
Effective: 18.9%
$25.5K
Illinois State Tax
Effective: 5.0%
$7.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,797/month
$105.6K

Additional Tax Information

New Madrid, MO Tax Rates

Sales Tax:8.2%
Property Tax:1.0%

Galva, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

New Madrid
Galva
55 Moderate
Air Quality
54 Moderate
34.4%
Good Air Days
35.8%
99 High
Climate Risk
100 Very High
🌊🌡🫨
Top Hazards
🌊🌡🫨
▲+2.8°F
2050 Outlook
▲+3.2°F
54 days
Heat Days >95°F
18 days
▲+2.8°F
2050 Outlook
▲+3.2°F
54 days
Heat Days >95°F
18 days

Before moving from New Madrid, MO to Galva, IL

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Galva, IL for the same bedroom count and included utilities as your home in New Madrid, MO. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your New Madrid to Galva moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Galva, IL by cost, housing, population and region.

Frequently Asked Questions: New Madrid, MO vs Galva, IL

How do the cost estimates for New Madrid, MO and Galva, IL compare?

Galva, IL has a modeled overall cost index 1.6% higher than New Madrid, MO. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in New Madrid, MO, the model estimates $154,704 in Galva, IL. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for New Madrid, MO and Galva, IL?

The modeled two-bedroom rents are $940/month in New Madrid, MO and $980/month in Galva, IL. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Missouri and Illinois on TaxTakeHome.com

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