Earlville, IA vs New London, IA

Earlville, IA and New London, IA have a very similar cost of living, with only a 3.6% difference in their overall index. Earlville scores 67 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 Earlville is $770/month compared to $772/month in New London — a 0% difference. Interestingly, home values tell a different story: while Earlville has cheaper rent, New London actually has lower median home values ($118,900 vs $148,100).

Median household income in Earlville is $71,125 compared to $65,815 in New London (+8.1%). While Earlville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Earlville spend roughly 13% of their income on rent, less than the 14.1% in New London.