Dumont, IA vs New London, IA

There is a significant gap in the cost of living between these two cities. Dumont is 18.8% cheaper than New London. With a cost index of 53 vs 65, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Dumont to New London should plan for substantially higher expenses across most categories.

On the housing front, median rent in Dumont is $495/month compared to $772/month in New London — a 36% difference. Home values follow the same pattern: Dumont is more affordable at $72,700 median vs $118,900.

Median household income in Dumont is $57,604 compared to $65,815 in New London (-12.5%). The higher salaries in New London partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Dumont spend roughly 10.3% of their income on rent, less than the 14.1% in New London.