Housing costs in New London?
A typical home costs
$320,100, which is 5.3% less expensive than the national average of
$338,100 and 11.6% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in New London costs
$1,460 per month, which is 2.1% more than the national average of
$1,430 and 13.7% cheaper than the state average of
$1,660.
Can I afford New London?
To live comfortably in New London Connecti County, Connecticut, a minimum annual income of
$61,200 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about New London?
New London, CT County has a median house value of $320,100, which is slightly lower than the US average of $338,100. Additionally, the cost of living in New London is slightly higher than the national average. The cost of living index for the county is 106.8 compared to 100 for the United States as a whole. This indicates that costs tend to be higher for everyday items such as groceries, housing and transportation. Although prices may be higher than other areas in Connecticut or elsewhere in the United States, New London still offers an affordable place to live with plenty of job opportunities and attractive housing options.