Conway, NH vs New London, NH
There is a significant gap in the cost of living between these two cities. Conway is 23.2% cheaper than New London. With a cost index of 88 vs 115, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Conway to New London should plan for substantially higher expenses across most categories.
On the housing front, median rent in Conway is $976/month compared to $1,558/month in New London — a 37% difference. Home values follow the same pattern: Conway is more affordable at $255,300 median vs $365,800.
Median household income in Conway is $58,796 compared to $85,938 in New London (-31.6%). While New London is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Conway spend roughly 19.9% of their income on rent, less than the 21.8% in New London.
Climate-wise, both cities share similar average temperatures (44.7°F vs 46°F). Conway receives more rainfall at 46.9" per year compared to 38.1" in New London.
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Housing
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Climate
NOAA 30-year normals (1991-2020)