Hedrick, IA vs New London, IA

Hedrick is moderately more affordable than New London, with a 14.3% lower cost of living index. Hedrick 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 Hedrick is $581/month compared to $772/month in New London — a 25% difference. Home values follow the same pattern: Hedrick is more affordable at $75,900 median vs $118,900.

Median household income in Hedrick is $63,750 compared to $65,815 in New London (-3.1%). New London does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Hedrick spend roughly 10.9% of their income on rent, less than the 14.1% in New London.

Climate-wise, both cities share similar average temperatures (50.7°F vs 51.9°F). New London receives more rainfall at 37.9" per year compared to 37" in Hedrick.