New London, IA vs West Point, IA

New London, IA and West Point, IA have a very similar cost of living, with only a 4.1% difference in their overall index. New London scores 65 while West Point scores 62 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 $581/month in West Point — a 33% difference. Interestingly, home values tell a different story: while West Point has cheaper rent, New London actually has lower median home values ($118,900 vs $158,700).

Median household income in New London is $65,815 compared to $66,000 in West Point (-0.3%). West Point 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, more than the 10.6% in West Point.

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