New London, CT vs Storrs, CT

New London is moderately more affordable than Storrs, with a 13.9% lower cost of living index. New London scores 94 compared to 109 for Storrs, where the US average is 100. This difference means residents of Storrs can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New London is $1,303/month compared to $1,612/month in Storrs — a 19% difference. Home values follow the same pattern: New London is more affordable at $234,800 median vs $304,600.

Median household income in New London is $60,123 compared to $33,125 in Storrs (+81.5%). 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 New London spend roughly 26% of their income on rent, less than the 58.4% in Storrs. The New London ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.