Carrollton, MO vs New London, MO

Carrollton, MO and New London, MO have a very similar cost of living, with only a 1.4% difference in their overall index. Carrollton scores 64 while New London scores 65 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 Carrollton is $786/month compared to $748/month in New London — a 5% difference. Interestingly, home values tell a different story: while New London has cheaper rent, Carrollton actually has lower median home values ($101,800 vs $126,900).

Median household income in Carrollton is $53,160 compared to $47,292 in New London (+12.4%). Carrollton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Carrollton spend roughly 17.7% of their income on rent, less than the 19% in New London.