New London, IA vs Sloan, IA

New London is moderately more affordable than Sloan, with a 11% lower cost of living index. New London scores 65 compared to 73 for Sloan, where the US average is 100. This difference means residents of Sloan can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New London is $772/month compared to $872/month in Sloan — a 12% difference. Home values follow the same pattern: New London is more affordable at $118,900 median vs $191,400.

Median household income in New London is $65,815 compared to $73,750 in Sloan (-10.8%). The higher salaries in Sloan partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of New London spend roughly 14.1% of their income on rent, less than the 14.2% in Sloan.

Climate-wise, New London is notably warmer with an average of 51.9°F compared to 48.4°F in Sloan. New London receives more rainfall at 37.9" per year compared to 29.3" in Sloan.