Housing costs in New London?
A typical home costs
$153,100, which is 54.7% less expensive than the national average of
$338,100 and 22.3% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New London costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 15.3% cheaper than the state average of
$980.
Can I afford New London?
To live comfortably in New London, Ohio, a minimum annual income of
$29,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about New London?
New London, OH is known for its affordability and low cost of living. According to the latest figures, the median home value in the city is $82,500, which is significantly lower than Ohio's median of $134,000. Additionally, monthly housing costs are on average about 20% less than similar cities in the state. Other factors such as grocery prices and transportation costs remain competitively low compared to other parts of the country. Overall, New London offers a budget-friendly lifestyle that all types of people can enjoy.