Median rent is 27% lower in New London ($1,303/mo vs $1,779/mo). Buying is cheaper in New London, where the median home runs $234,800 versus $751,700. Households earn more in New York ($79,713 vs $60,123 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 city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
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: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in New London — median rent of $1,303/mo versus $1,779/mo in New York, a 27% difference. Home buyers face a steeper market in New York: the median home is $751,700 versus $234,800 in New London — 69% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Connecticut's top income tax rate is 6.99% versus 10.90% in New York, so New London is more tax-friendly for high earners. Sales tax is 6.35% in Connecticut and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
New London
Income tax: 6.99%
Sales tax: 6.35%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for New London.
Pick New York if you prioritize higher median household income ($79,713/yr).
Pick New London if you prioritize cheaper rent ($1,303/mo median).
Pick New London if you prioritize lower state income tax (6.99%).
Is New London cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in New London vs New York?
Median rent is $1,303/mo in New London, CT and $1,779/mo in New York, NY. New London, CT has the lower rent by about 27%.
Which has higher salaries — New London or New York?
Median household income is $60,123 in New London, CT and $79,713 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.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — New London or New York?
Connecticut's top income tax rate is 6.99% and New York's is 10.90%. New London, CT has the lower rate.
What salary do I need in New York to match my New London income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology