Median rent is 26% lower in New London ($1,340/mo vs $1,821/mo). Buying is cheaper in New London, where the median home runs $253,300 versus $777,600. Households earn more in New York ($80,483 vs $59,098 a year).
City A
New London, CT
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from New London, CT?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
New London
Connecticut
New York
New York
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in New London — median rent of $1,340/mo versus $1,821/mo in New York, a 26% difference. Home buyers face a steeper market in New York: the median home is $777,600 versus $253,300 in New London — 67% more expensive.
Metric
New London
New York
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
New London
Income tax: N/A
Sales tax: N/A
New York
Income tax: N/A
Sales tax: N/A
Air quality data is available for New York (avg AQI 46.0) but not yet for New London.
Pick New York if you prioritize higher median household income ($80,483/yr).
Pick New London if you prioritize cheaper rent ($1,340/mo median).
Cost of living index data is not yet available for one or both cities.
Median rent is $1,340/mo in New London, CT and $1,821/mo in New York, NY. New London, CT has the lower rent by about 26%.
Median household income is $59,098 in New London, CT and $80,483 in New York, NY. New York, NY has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
