Mineral Point, WI vs New London, WI

Mineral Point, WI and New London, WI have a very similar cost of living, with only a 4.5% difference in their overall index. Mineral Point scores 74 while New London scores 71 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 Mineral Point is $767/month compared to $822/month in New London — a 7% difference. Interestingly, home values tell a different story: while Mineral Point has cheaper rent, New London actually has lower median home values ($162,800 vs $213,000).

Median household income in Mineral Point is $78,958 compared to $61,447 in New London (+28.5%). While Mineral Point is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mineral Point spend roughly 11.7% of their income on rent, less than the 16.1% in New London.