Housing costs in New London?
A typical home costs
$261,100, which is 22.8% less expensive than the national average of
$338,100 and 9.7% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in New London costs
$810 per month, which is 27.0% cheaper than the national average of
$1,110 and close to the state average of
$820.
Can I afford New London?
To live comfortably in New London (zip 28127), North Carolina, a minimum annual income of
$50,040 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about New London?
The cost of living in 28127 New London, NC is relatively low compared to other parts of the state and country. Housing costs are especially low with a median home value of around $75,000. The transportation expenses are also affordable with the average spending for a household only being around $1400 per year. The overall cost of living index is ranked 6% below the national average, making it a great place for those looking for an affordable cost of living.