I personally would not be able to sleep well with earplugs. The feeling of pressure in my ears, combined with the 'pushing' of the earplug if I rolled over to lay on my side would be very uncomfortable.
The effects for me (living in Brussels city centre, so quite noisy - police, ambulance, sometimes loud tourists past midnight, and a bit of construction at 6am nearby to keep it real :-) ) were very pronounced:
From needing 9 hours and feeling groggy in the mornings anyway, to easily going on 7-8, feeling very refreshed and alert each day.
A cool side effect was that this superpower works also while traveling - so, I no longer care how noisy the airco is in the hotel room, being next to the lift, or having the window above the lively bar.
The only downside with those earplugs that they are good maybe for 3-4 nights and then are too squished to be useful; but the upsides more than make it up for me.
However, what destroys my sleep is the light from early morning, streetlights, and the neighbor's porch light. Unfortunately, our bedroom faces southeast and features French doors that open onto an east-facing three-season porch, allowing sunlight to stream in. Yeah, I've got curtains everywhere, and I have room-darkening curtains on order. If those don't work, the next step is putting solar panels over my bedroom windows. I figure if I'm going to keep light out, I might as well put it to work some other way.
As an experiment, I'm using my car camping mattress in my office, which is the quietest room in the house, and I'm blocking the light from the windows with curtains and cardboard. So far, it's the best sleep I've had in years. There's a bit of domestic disharmony now, but hopefully my partner and I can work out a compromise on light-blocking curtains and keeping them fucking shut.
https://www.elacin.com/your-perfect-fit/leisure/relax-sleep/
I would assume that your local audiologist or music instrument store will know what the U.S. equivalent to these is. It seems to me that Elacin's biggest market is musicians who want a comfortable pair of earplugs with a flat frequency response.
1. They don't fall out, because they "hook into" the shape of your ear.
2. They sit much closer to the inner ear, so they feel invisible when side-sleeping.
3. It's a perfect fit every time, so you don't have to worry about noise leakage or discomfort caused by pressure.
If you don't want to spend $200 on a pair of plugs from an audiologist (I'd strongly urge you to reconsider!), the best off-the-shelf alternative for me was silicone plugs. To solve the side-sleeping problem with silicone plugs, you can tear them in half or use children's versions depending on your ear canal size.
If enjoy and pay to see live music, you should spring for a set of "musician's earplugs". They're molded just like safety/sleeping earplugs, but they use a flat 10-15dB attenuating filter. They make the music quieter without distorting it.
Symphony players wear them because brass/percussion is loud enough to cause hearing damage with hours of exposure. I've sung in mine for Easter morning services where I was wedged between a celebratory trumpet and an organ with all the stops out.
They're not cheap, but they're not very expensive in the world of Ticketmaster fees.