Eldon, IA vs New London, IA

Eldon is moderately more affordable than New London, with a 13.4% lower cost of living index. Eldon scores 56 compared to 65 for New London, where the US average is 100. This difference means residents of New London can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Eldon is $650/month compared to $772/month in New London — a 16% difference. Home values follow the same pattern: Eldon is more affordable at $57,600 median vs $118,900.

Median household income in Eldon is $52,813 compared to $65,815 in New London (-19.8%). 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 Eldon spend roughly 14.8% of their income on rent, more than the 14.1% in New London.