New Town, ND vs Thompson, ND

New Town, ND and Thompson, ND have a very similar cost of living, with only a 2.4% difference in their overall index. New Town scores 72 while Thompson scores 74 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 Town is $819/month compared to $706/month in Thompson — a 16% difference. Interestingly, home values tell a different story: while Thompson has cheaper rent, New Town actually has lower median home values ($199,700 vs $274,000).

Median household income in New Town is $50,707 compared to $110,909 in Thompson (-54.3%). While Thompson 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 Town spend roughly 19.4% of their income on rent, more than the 7.6% in Thompson.

Climate-wise, both cities share similar average temperatures (40.9°F vs 39.8°F). Thompson receives more rainfall at 21.7" per year compared to 17.8" in New Town.