New Preston, CT vs Old Mystic, CT

There is a significant gap in the cost of living between these two cities. New Preston is 24.9% cheaper than Old Mystic. With a cost index of 88 vs 117, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Preston to Old Mystic should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Preston is $531/month compared to $1,823/month in Old Mystic — a 71% difference. Interestingly, home values tell a different story: while New Preston has cheaper rent, Old Mystic actually has lower median home values ($324,600 vs $447,300).

Median household income in New Preston is $60,526 compared to $119,444 in Old Mystic (-49.3%). While Old Mystic 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 Preston spend roughly 10.5% of their income on rent, less than the 18.3% in Old Mystic.