New London (zip 06320), Connecticut gets a BestPlaces Cost of Living index of 106.8, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 6.8 percent higher than the U.S. average and 4.5 percent higher than the average for Connecticut.
A typical home costs $231,100, which is 31.6 percent less expensive than the national average of $338,100 and 36.2 percent less expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in New London costs $1,390 per month, which is 16.3 percent cheaper than the national average of $1,660 and 5.0 percent cheaper than the state average of $1,460.
To live comfortably in New London (zip 06320), Connecticut, a minimum annual income of $44,280 for a family, and $44,800 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means New London (zip 06320) is cheaper than the US average. A cost of living index above 100 means New London (zip 06320), Connecticut is more expensive.
New London (zip 06320) cost of living is 106.8