New Minden, IL vs Stonington, IL

New Minden, IL and Stonington, IL have a very similar cost of living, with only a 3.4% difference in their overall index. New Minden scores 66 while Stonington scores 68 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 Minden is $775/month compared to $869/month in Stonington — a 11% difference. Interestingly, home values tell a different story: while New Minden has cheaper rent, Stonington actually has lower median home values ($101,000 vs $107,100).

Median household income in New Minden is $83,750 compared to $58,438 in Stonington (+43.3%). New Minden 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 Minden spend roughly 11.1% of their income on rent, less than the 17.8% in Stonington.

Climate-wise, New Minden is notably warmer with an average of 57.7°F compared to 53.1°F in Stonington. New Minden receives more rainfall at 43.4" per year compared to 36.4" in Stonington.