Coggon, IA vs New London, IA

Coggon, IA and New London, IA have a very similar cost of living, with only a 0.4% difference in their overall index. Coggon scores 65 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 Coggon is $700/month compared to $772/month in New London — a 9% difference. Interestingly, home values tell a different story: while Coggon has cheaper rent, New London actually has lower median home values ($118,900 vs $146,000).

Median household income in Coggon is $76,500 compared to $65,815 in New London (+16.2%). Coggon offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Coggon spend roughly 11% of their income on rent, less than the 14.1% in New London.