Housing costs in New London?
A typical home costs
$252,200, which is 25.4% less expensive than the national average of
$338,100 and 12.8% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in New London costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 33.7% cheaper than the state average of
$1,110.
Can I afford New London?
To live comfortably in New London, North Carolina, a minimum annual income of
$48,240 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about New London?
New London, NC is a relatively affordable place to live. The cost of living in New London is 14% lower than the national average, meaning that residents can enjoy more disposable income. Housing costs are especially low, with an average home price of $115,100—about 25% lower than the national median. In addition, utilities and healthcare costs are also below the national averages. All these factors make New London a great place for those looking for an affordable lifestyle without sacrificing quality of life.