Mineral Point, MO vs New London, MO

The cost of living difference between Mineral Point, MO and New London, MO is dramatic. New London is 34.8% cheaper than Mineral Point, a gap that translates to thousands of dollars per year in household expenses. Mineral Point has a cost index of 88 while New London sits at 65, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

Renters will find that Mineral Point has a median rent of $1,013/month while New London comes in at $748/month, a 35% difference.

Median household income in Mineral Point is $39,087 compared to $47,292 in New London (-17.3%). New London offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mineral Point spend roughly 31.1% of their income on rent, more than the 19% in New London. The New London ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.