Cost of Living: Carmel, IN vs New london, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Carmel | New london |
|---|---|---|
| Housing Index | 120.5 | 120.0 |
| Median Home Price | $396,000 | $258,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1830 | $1900 |
Housing Comparison: Carmel vs New london
- In Carmel, the median home price is higher at $396,000, while in New london it is $258,000.
- The rent for a two-bedroom apartment is equal in both Carmel and New london at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Carmel | New london |
|---|---|---|
| Electricity Price | $14.89 | $26 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Carmel vs New london
- New london has higher electricity costs at $26 per kWh, versus $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Carmel at an average of $250, compared to New london with $200.