New London, MO vs St. Paul, MO

There is a significant gap in the cost of living between these two cities. New London is 26.8% cheaper than St. Paul. With a cost index of 65 vs 89, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to St. Paul should plan for substantially higher expenses across most categories.

On the housing front, median rent in New London is $748/month compared to $697/month in St. Paul — a 7% difference. Interestingly, home values tell a different story: while St. Paul has cheaper rent, New London actually has lower median home values ($126,900 vs $421,900).

Median household income in New London is $47,292 compared to $154,022 in St. Paul (-69.3%). While St. Paul 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 19% of their income on rent, more than the 5.4% in St. Paul.