Howard, WI vs New London, WI
There is a significant gap in the cost of living between these two cities. New London is 23.3% cheaper than Howard. With a cost index of 71 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to Howard should plan for substantially higher expenses across most categories.
On the housing front, median rent in Howard is $1,053/month compared to $822/month in New London — a 28% difference. Home values follow the same pattern: New London is more affordable at $162,800 median vs $286,200.
Median household income in Howard is $84,896 compared to $61,447 in New London (+38.2%). While Howard is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Howard spend roughly 14.9% of their income on rent, less than the 16.1% in New London.
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