Housing costs in New London?
A typical home costs
$190,800, which is 43.6% less expensive than the national average of
$338,100 and 10.1% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in New London costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 13.1% cheaper than the state average of
$950.
Can I afford New London?
To live comfortably in New London, Missouri, a minimum annual income of
$36,720 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about New London?
The cost of living in New London, MO is generally lower than the national average. The overall cost of goods and services is 8% less than the national average, making it a great place for those looking to save money on their everyday expenses. Housing costs are also relatively low compared to other parts of the country, with the median price for homes being around $85,000. Additionally, taxes are quite low in New London, with property tax rates at just 0.8%. Combined, these factors make New London an attractive destination for people looking to save money while still enjoying access to all the amenities that Missouri has to offer.