New London, WI vs Wisconsin Rapids, WI

New London, WI and Wisconsin Rapids, WI have a very similar cost of living, with only a 3.1% difference in their overall index. New London scores 71 while Wisconsin Rapids scores 69 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 $822/month compared to $872/month in Wisconsin Rapids — a 6% difference. Interestingly, home values tell a different story: while New London has cheaper rent, Wisconsin Rapids actually has lower median home values ($116,600 vs $162,800).

Median household income in New London is $61,447 compared to $54,116 in Wisconsin Rapids (+13.5%). While New London 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, less than the 19.3% in Wisconsin Rapids.