Nevada, IA vs New London, IA

New London is moderately more affordable than Nevada, with a 13% lower cost of living index. Nevada scores 73 compared to 65 for New London, where the US average is 100. This difference means residents of Nevada can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Nevada is $884/month compared to $772/month in New London — a 15% difference. Home values follow the same pattern: New London is more affordable at $118,900 median vs $177,800.

Median household income in Nevada is $75,221 compared to $65,815 in New London (+14.3%). While Nevada is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Nevada spend roughly 14.1% of their income on rent, less than the 14.1% in New London.

Climate-wise, New London is notably warmer with an average of 51.9°F compared to 48.6°F in Nevada. New London receives more rainfall at 37.9" per year compared to 35.9" in Nevada.