Hopkins, MO vs New London, MO

There is a significant gap in the cost of living between these two cities. Hopkins is 18.9% cheaper than New London. With a cost index of 53 vs 65, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hopkins to New London should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hopkins is $539/month compared to $748/month in New London — a 28% difference. Home values follow the same pattern: Hopkins is more affordable at $54,000 median vs $126,900.

Median household income in Hopkins is $46,250 compared to $47,292 in New London (-2.2%). 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 Hopkins spend roughly 14% of their income on rent, less than the 19% in New London.