Cost of Living: New london, CT vs Indianapolis, IN

Housing

The housing market plays a significant role in determining the cost of living.

Metric New london Indianapolis
Housing Index 120.0 85.0
Median Home Price $258,000 $238,000
Average Rent (2 BR Apartment) $1800 $1200
Average Rent (2 BR House) $1900 $1200

Housing Comparison: New london vs Indianapolis

  • In New london, the median home price is higher at $258,000, while in Indianapolis it is $238,000.
  • Renting a two-bedroom apartment costs more in New london at $1,800 than in Indianapolis at $1,200.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric New london Indianapolis
Electricity Price $26 $14.89
Natural Gas Price $Data is updating $Data is updating
Other Utilities $200 $200

Utilities Comparison: New london vs Indianapolis

  • Electricity costs are higher in New london at $26 per kWh, compared to $14.89 in Indianapolis.
  • Natural gas price data is currently unavailable.
  • Utility expenses are equal in both New london and Indianapolis averaging $200.