New London, IA vs Whiting, IA

New London, IA and Whiting, IA have a very similar cost of living, with only a 3.4% difference in their overall index. New London scores 65 while Whiting scores 67 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 $931/month in Whiting — a 17% difference. Interestingly, home values tell a different story: while New London has cheaper rent, Whiting actually has lower median home values ($87,800 vs $118,900).

Median household income in New London is $65,815 compared to $68,977 in Whiting (-4.6%). While Whiting is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New London spend roughly 14.1% of their income on rent, less than the 16.2% in Whiting.

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