Quick facts: Matthews, MO

Quick Facts

94.1
Cost of Living
below US average
516
Population
44.57
Crime Rate per 1000
above US average
$41,484
Median Income
below US average
$175,000
Median House Price
above US average
$1340
Average Rent
below US average
16%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $41,484.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $41,484
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1340/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $41,484
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Matthews, MO

Matthews is a small town located in New Madrid County, Missouri. With a population of approximately 1,000 residents, it offers a tight-knit community atmosphere. The town has a rich history, originally established as a railway community in the late 19th century. Surrounded by the picturesque landscapes of the Mississippi River region, Matthews is characterized by its rural charm and scenic views. The town's location provides access to outdoor recreational opportunities, including fishing, hunting, and hiking in nearby parks and wildlife areas. Matthews is also close to the city of Sikeston, where residents can enjoy additional services, shopping, and dining options. Despite its size, Matthews hosts various local events that foster community spirit. The town maintains a blend of agricultural roots and a friendly, family-oriented environment. Whether you're looking for a peaceful place to live or just a stop along your travels, Matthews embodies the quaint and welcoming spirit of small-town America.

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