Derby, CT vs New London, CT

New London is moderately more affordable than Derby, with a 5.5% lower cost of living index. Derby scores 99 compared to 94 for New London, where the US average is 100. This difference means residents of Derby can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Derby is $1,453/month compared to $1,303/month in New London — a 12% difference. Home values follow the same pattern: New London is more affordable at $234,800 median vs $242,300.

Median household income in Derby is $76,263 compared to $60,123 in New London (+26.8%). While Derby is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Derby spend roughly 22.9% of their income on rent, less than the 26% in New London.