New London, TX vs Westway, TX

New London is moderately more affordable than Westway, with a 12.7% lower cost of living index. New London scores 63 compared to 72 for Westway, where the US average is 100. This difference means residents of Westway can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New London is $581/month compared to $1,083/month in Westway — a 46% difference. Interestingly, home values tell a different story: while New London has cheaper rent, Westway actually has lower median home values ($86,700 vs $169,400).

Median household income in New London is $50,909 compared to $34,115 in Westway (+49.2%). 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 13.7% of their income on rent, less than the 38.1% in Westway. The New London ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.