New London, CT vs Norwich, CT

New London, CT and Norwich, CT have a very similar cost of living, with only a 3.7% difference in their overall index. New London scores 94 while Norwich scores 90 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 New London is $1,303/month compared to $1,203/month in Norwich — a 8% difference. Home values follow the same pattern: Norwich is more affordable at $231,300 median vs $234,800.

Median household income in New London is $60,123 compared to $64,185 in Norwich (-6.3%). Norwich offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New London spend roughly 26% of their income on rent, more than the 22.5% in Norwich.