New London, IA vs Paullina, IA

New London, IA and Paullina, IA have a very similar cost of living, with only a 1.7% difference in their overall index. New London scores 65 while Paullina scores 66 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 $810/month in Paullina — a 5% difference. Interestingly, home values tell a different story: while New London has cheaper rent, Paullina actually has lower median home values ($118,800 vs $118,900).

Median household income in New London is $65,815 compared to $57,308 in Paullina (+14.8%). 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 17% in Paullina.

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