Housing costs in New London?
A typical home costs
$507,400, which is 50.1% more expensive than the national average of
$338,100 and 109.0% more expensive than the average Pennsylvania home, at
$242,800. Renting a two-bedroom unit in New London costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and close to the state average of
$1,210.
Can I afford New London?
To live comfortably in New London, Pennsylvania, a minimum annual income of
$97,200 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about New London?
The cost of living in New London, PA is relatively low compared to other cities in the area. According to BestPlaces’s Cost of Living Index, the city has a score of 53.9 out of 100, which is low for the region and significantly lower than the national average. The average cost for a one bedroom apartment is $655 per month while groceries and consumer goods can be purchased at an affordable rate. Property taxes are also lower than most other places in Pennsylvania due to New London's rural location. All in all, New London is a great place to live without breaking the bank!