Annandale, MN vs New London, MN

Annandale, MN and New London, MN have a very similar cost of living, with only a 2.4% difference in their overall index. Annandale scores 82 while New London scores 80 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Annandale is $967/month compared to $960/month in New London — a 1% difference. Interestingly, home values tell a different story: while New London has cheaper rent, Annandale actually has lower median home values ($195,100 vs $209,300).

Median household income in Annandale is $50,536 compared to $66,830 in New London (-24.4%). New London offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Annandale spend roughly 23% of their income on rent, more than the 17.2% in New London.