New London, IA vs Raymond, IA

There is a significant gap in the cost of living between these two cities. New London is 20.9% cheaper than Raymond. With a cost index of 65 vs 82, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to Raymond should plan for substantially higher expenses across most categories.

On the housing front, median rent in New London is $772/month compared to $1,125/month in Raymond — a 31% difference. Home values follow the same pattern: New London is more affordable at $118,900 median vs $210,400.

Median household income in New London is $65,815 compared to $62,813 in Raymond (+4.8%). 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 21.5% in Raymond.

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 Raymond.