Madison, MO vs New London, MO

Madison is moderately more affordable than New London, with a 9.9% lower cost of living index. Madison scores 59 compared to 65 for New London, where the US average is 100. This difference means residents of New London can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Madison is $644/month compared to $748/month in New London — a 14% difference. Home values follow the same pattern: Madison is more affordable at $86,800 median vs $126,900.

Median household income in Madison is $44,375 compared to $47,292 in New London (-6.2%). The higher salaries in New London partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Madison spend roughly 17.4% of their income on rent, less than the 19% in New London.