New London, IA vs Okoboji, IA

There is a significant gap in the cost of living between these two cities. New London is 24.8% cheaper than Okoboji. With a cost index of 65 vs 86, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to Okoboji should plan for substantially higher expenses across most categories.

On the housing front, median rent in New London is $772/month compared to $935/month in Okoboji — a 17% difference. Home values follow the same pattern: New London is more affordable at $118,900 median vs $320,000.

Median household income in New London is $65,815 compared to $59,167 in Okoboji (+11.2%). 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 14.1% of their income on rent, less than the 19% in Okoboji.

Climate-wise, New London is notably warmer with an average of 51.9°F compared to 46.8°F in Okoboji. New London receives more rainfall at 37.9" per year compared to 26.8" in Okoboji.