New London, WI vs Oconomowoc, WI

There is a significant gap in the cost of living between these two cities. New London is 29.7% cheaper than Oconomowoc. With a cost index of 71 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New London to Oconomowoc should plan for substantially higher expenses across most categories.

On the housing front, median rent in New London is $822/month compared to $1,235/month in Oconomowoc — a 33% difference. Home values follow the same pattern: New London is more affordable at $162,800 median vs $367,700.

Median household income in New London is $61,447 compared to $105,833 in Oconomowoc (-41.9%). While Oconomowoc 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 16.1% of their income on rent, more than the 14% in Oconomowoc.