Is Raleigh, NC cheaper than New London, CT?

Based on cost of living data, Raleigh, NC is 1.9% cheaper than New London, CT. This translates to saving $144 per month.

What salary do I need in Raleigh, NC to live like I do in New London, CT?

If you earn $150,000 in New London, CT, you'd need approximately $148,266.276 in Raleigh, NC to maintain the same standard of living.

How does housing cost compare between New London, CT and Raleigh, NC?

Housing in Raleigh, NC is 21.7% cheaper than in New London, CT. For a two-bedroom apartment, rent is $1,800/month in Raleigh, NC compared to $1,072/month in New London, CT.

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

Moving from New London, CT to Raleigh, NC could save you approximately $144 per month, or $1734 per year, based on a $150,000 salary.

New London, CT vs Raleigh, NC: 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 save $144/month moving to Raleigh, NC

$150.0K in your current city equals $148.3K in Raleigh, NC

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

Overall Cost

↓ 1.9%

Less expensive

Monthly Impact

$144

Savings

Annual Impact

$1.7K

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

Raleigh, NC

Population:474K

Cost Index:98

Median Home:$512K

New London, CT

The Constitution State

28K

Population

State Tax

Yes

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

Raleigh, NC

The Tar Heel State

474K

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Research Triangle
•State capital
•Major university town

Major Industries

TechnologyResearchEducationGovernment

Cost Breakdown by Category

Annual spending: New London, CT vs Raleigh, NC

Category	New London, CT	Raleigh, NC	Difference	Change
🏠Housing	$3,152/mo	$2,469/mo	↓ $683less	21.7%
📦Other	$1,211/mo	$1,707/mo	↑ $496more	41.0%
🛒Groceries	$879/mo	$959/mo	↑ $80.03more	9.1%
🚗Transportation	$1,215/mo	$1,284/mo	↑ $69.00more	5.7%
⚡All Utilities	$583/mo	$546/mo	↓ $36.78less	6.3%
🏥Healthcare	$606/mo	$601/mo	↓ $4.76less	0.8%

🏠Housing

↓ 21.7%

New London, CT

$3,152

Raleigh, NC

$2,469

Difference

$683

less

📦Other

↑ 41.0%

New London, CT

$1,211

Raleigh, NC

$1,707

Difference

$496

🛒Groceries

↑ 9.1%

New London, CT

$879

Raleigh, NC

$959

Difference

$80.03

🚗Transportation

↑ 5.7%

New London, CT

$1,215

Raleigh, NC

$1,284

Difference

$69.00

⚡All Utilities

↓ 6.3%

New London, CT

$583

Raleigh, NC

$546

Difference

$36.78

less

🏥Healthcare

↓ 0.8%

New London, CT

$606

Raleigh, NC

$601

Difference

$4.76

less

🏠Rent Comparison

Studio

From$739

To$1,570

↑ $831

1 Bed

From$858

To$1,640

↑ $782

2 Bed

From$1,072

To$1,800

↑ $728

3 Bed

From$1,382

To$2,255

↑ $873

New London, CTZIP-level data

1BR range: $1,520–$1,520/mo

Raleigh, NCZIP-level data

1BR range: $1,400–$1,880/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

$7,567

Monthly in Raleigh, NC

$79.04

Difference

Home Values

New London

Raleigh

$303K

Median Value

$512K

↑ +6.5%

YoY Change

↓ -0.5%

↑ +62.9%

5-Year Change

↑ +38.2%

$303K

Price Range

$314K - $992K

Homes in Raleigh are 69% more expensive than New London

Calculate payment - New London Calculate payment - Raleigh

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $925

Per year

Monthly Difference

$77.08

More take-home

Effective Rate Diff

0.6%

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

Raleigh, NC

Federal Income Tax

Effective: 18.9%

$25.5K

North Carolina State Tax

Effective: 4.8%

$7.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.4%

$44.1K

Take-Home Pay

$8,822/month

$105.9K

Additional Tax Information

New London, CT Tax Rates

Sales Tax:6.3%

Property Tax:2.1%

Raleigh, NC Tax Rates

Sales Tax:7.1%

Property Tax:0.8%

💡 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.