Is Phoenix, AZ cheaper than New London, CT?

Based on cost of living data, Phoenix, AZ is 4.3% more expensive than New London, CT. This translates to spending an extra $326 per month.

What salary do I need in Phoenix, AZ to live like I do in New London, CT?

If you earn $150,000 in New London, CT, you'd need approximately $153,908.038 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between New London, CT and Phoenix, AZ?

Housing in Phoenix, AZ is 11.5% cheaper than in New London, CT. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,072/month in New London, CT.

How much can I save per month by moving from New London, CT to Phoenix, AZ?

Living in Phoenix, AZ costs approximately $326 more per month than New London, CT, or $3908 more per year, based on a $150,000 salary.

New London, CT vs Phoenix, AZ: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 New London, CT — ZIP-level rent data · COL adjusted from Boston, MA area

Current salary in New London, CT

Numbers update automatically as you type

You'd spend $326/month more in Phoenix, AZ

$150.0K in your current city equals $153.9K in Phoenix, AZ

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↑ 4.3%

More expensive

Monthly Impact

$326

Extra cost

Annual Impact

$3.9K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

New London, CT

Population:28K

Cost Index:100

Median Home:$303K

Phoenix, AZ

Population:1608K

Cost Index:104

Median Home:$414K

New London, CT

The Constitution State

28K

Population

State Tax

Yes

Located in Connecticut, this city has a population of 28K residents.

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: New London, CT vs Phoenix, AZ

Category	New London, CT	Phoenix, AZ	Difference	Change
📦Other	$1,211/mo	$1,677/mo	↑ $466more	38.5%
🏠Housing	$3,152/mo	$2,788/mo	↓ $363less	11.5%
🚗Transportation	$1,215/mo	$1,489/mo	↑ $274more	22.5%
🛒Groceries	$879/mo	$963/mo	↑ $84.02more	9.6%
⚡All Utilities	$583/mo	$561/mo	↓ $22.02less	3.8%
🏥Healthcare	$606/mo	$589/mo	↓ $17.15less	2.8%

📦Other

↑ 38.5%

New London, CT

$1,211

Phoenix, AZ

$1,677

Difference

$466

🏠Housing

↓ 11.5%

New London, CT

$3,152

Phoenix, AZ

$2,788

Difference

$363

less

🚗Transportation

↑ 22.5%

New London, CT

$1,215

Phoenix, AZ

$1,489

Difference

$274

🛒Groceries

↑ 9.6%

New London, CT

$879

Phoenix, AZ

$963

Difference

$84.02

⚡All Utilities

↓ 3.8%

New London, CT

$583

Phoenix, AZ

$561

Difference

$22.02

less

🏥Healthcare

↓ 2.8%

New London, CT

$606

Phoenix, AZ

$589

Difference

$17.15

less

🏠Rent Comparison

Studio

From$739

To$1,390

↑ $651

1 Bed

From$858

To$1,510

↑ $652

2 Bed

From$1,072

To$1,750

↑ $678

3 Bed

From$1,382

To$2,330

↑ $948

New London, CTZIP-level data

1BR range: $1,520–$1,520/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,646

Monthly in New London, CT

$8,068

Monthly in Phoenix, AZ

$422

Difference

Home Values

New London

Phoenix

$303K

Median Value

$414K

↑ +6.5%

YoY Change

↓ -3.1%

↑ +62.9%

5-Year Change

↑ +30.2%

$303K

Price Range

$274K - $957K

Homes in Phoenix are 36% more expensive than New London

Calculate payment - New London Calculate payment - Phoenix

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.8K

Per year

Monthly Difference

$235

More take-home

Effective Rate Diff

1.9%

Rate difference

New London, CT

Federal Income Tax

Effective: 18.9%

$25.5K

Connecticut State Tax

Effective: 5.4%

$8.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.0%

$45.1K

Take-Home Pay

$8,745/month

$104.9K

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

New London, CT Tax Rates

Sales Tax:6.3%

Property Tax:2.1%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.