Canfield, OH vs New London, OH

New London is moderately more affordable than Canfield, with a 10.6% lower cost of living index. Canfield scores 72 compared to 65 for New London, where the US average is 100. This difference means residents of Canfield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Canfield is $786/month compared to $819/month in New London — a 4% difference. Interestingly, home values tell a different story: while Canfield has cheaper rent, New London actually has lower median home values ($98,400 vs $225,100).

Median household income in Canfield is $97,730 compared to $47,935 in New London (+103.9%). While Canfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Canfield spend roughly 9.7% of their income on rent, less than the 20.5% in New London.