Eagle Lake, MN vs New London, MN

There is a significant gap in the cost of living between these two cities. New London is 17.4% cheaper than Eagle Lake. With a cost index of 80 vs 94, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to Eagle Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Eagle Lake is $1,405/month compared to $960/month in New London — a 46% difference. Home values follow the same pattern: New London is more affordable at $209,300 median vs $249,600.

Median household income in Eagle Lake is $97,161 compared to $66,830 in New London (+45.4%). While Eagle Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eagle Lake spend roughly 17.4% of their income on rent, more than the 17.2% in New London.