Here's what it costs to live in New London, Connecticut, based on the latest US government data. Renters pay a median of $1,303 per month, while the typical home is valued around $234,800. Households earn a median of $60,123 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$60,123
Annual · Census ACS
Median Gross Rent
$1,303
Per month · Census ACS
Median Home Value
$234,800
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,287
HUD Fair Market Rent
1BR Fair Market Rent
$1,496
HUD FMR
2BR Fair Market Rent
$1,866
HUD FMR
3BR Fair Market Rent
$2,406
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
6.99%
Top marginal rate
State Sales Tax
6.35%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
27,199
Latest estimate
Median Age
35.1 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for New London?
The cost of living index for New London is not yet available in our database.
What is the median rent in New London?
The median gross rent in New London is $1,303 per month according to US Census ACS data.
What is the median household income in New London?
The median household income in New London is $60,123 per year.
What is the median home value in New London?
The median home value in New London is $234,800 based on the latest Census ACS survey.
How is the air quality in New London?
Air quality data for New London is not yet available.
What are the taxes like in New London?
Connecticut has a top state income tax rate of 6.99% and a statewide sales tax of 6.35% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology