Hinton, IA vs New London, IA
There is a significant gap in the cost of living between these two cities. New London is 27.1% cheaper than Hinton. With a cost index of 65 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to Hinton should plan for substantially higher expenses across most categories.
On the housing front, median rent in Hinton is $1,000/month compared to $772/month in New London — a 30% difference. Home values follow the same pattern: New London is more affordable at $118,900 median vs $249,400.
Median household income in Hinton is $108,125 compared to $65,815 in New London (+64.3%). While Hinton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hinton spend roughly 11.1% of their income on rent, less than the 14.1% in New London.
Climate-wise, New London is notably warmer with an average of 51.9°F compared to 48.4°F in Hinton. New London receives more rainfall at 37.9" per year compared to 29.3" in Hinton.
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Housing
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Climate
NOAA 30-year normals (1991-2020)