New London, CT vs Shelton, CT

There is a significant gap in the cost of living between these two cities. New London is 22.6% cheaper than Shelton. With a cost index of 94 vs 121, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to Shelton should plan for substantially higher expenses across most categories.

On the housing front, median rent in New London is $1,303/month compared to $1,661/month in Shelton — a 22% difference. Home values follow the same pattern: New London is more affordable at $234,800 median vs $435,700.

Median household income in New London is $60,123 compared to $114,739 in Shelton (-47.6%). While Shelton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New London spend roughly 26% of their income on rent, more than the 17.4% in Shelton.