New London, IA vs Oelwein, IA

New London, IA and Oelwein, IA have a very similar cost of living, with only a 3.4% difference in their overall index. New London scores 65 while Oelwein scores 63 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 $772/month compared to $762/month in Oelwein — a 1% difference. Home values follow the same pattern: Oelwein is more affordable at $96,800 median vs $118,900.

Median household income in New London is $65,815 compared to $49,821 in Oelwein (+32.1%). While New London 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 14.1% of their income on rent, less than the 18.4% in Oelwein.

Climate-wise, both cities share similar average temperatures (51.9°F vs 49°F). New London receives more rainfall at 37.9" per year compared to 36.3" in Oelwein.