Lakewood, IN vs New London, IN

New London is moderately more affordable than Lakewood, with a 8.5% lower cost of living index. Lakewood scores 95 compared to 87 for New London, where the US average is 100. This difference means residents of Lakewood can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Lakewood are $269,400 compared to $179,200 in New London, a 50% gap.

Median household income in Lakewood is $107,574 compared to $51,786 in New London (+107.7%). While Lakewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.