Independence, IA vs New London, IA

Independence, IA and New London, IA have a very similar cost of living, with only a 4.6% difference in their overall index. Independence scores 68 while New London scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Independence is $769/month compared to $772/month in New London — a 0% difference. Interestingly, home values tell a different story: while Independence has cheaper rent, New London actually has lower median home values ($118,900 vs $156,900).

Median household income in Independence is $72,250 compared to $65,815 in New London (+9.8%). While Independence is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Independence spend roughly 12.8% of their income on rent, less than the 14.1% in New London.

Climate-wise, both cities share similar average temperatures (49°F vs 51.9°F). New London receives more rainfall at 37.9" per year compared to 36.3" in Independence.