Housing costs in New London?
A typical home costs
$151,300, which is 55.2% less expensive than the national average of
$338,100 and 22.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in New London costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford New London?
To live comfortably in New London (zip 52645), Iowa, a minimum annual income of
$29,160 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about New London?
The cost of living in 52645 New London, IA is relatively affordable compared to the national average. According to Best Places, the overall cost of living index in 52645 is 77.2, which is lower than the national average of 100. Housing in particular is cheaper in this area, with an index score of 68.4, while transportation and utilities costs are slightly higher at 95.7 and 98 respectively. The median home cost here is $92,600 which is significantly lower than the national median home price of $231,200. Other costs such as groceries, health care, and miscellaneous goods are all close to or below the national average making it a more affordable place to live for those who choose New London as their home.