Housing costs in New London?
A typical home costs
$151,000, which is 55.3% less expensive than the national average of
$338,100 and 23.4% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New London costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 19.5% cheaper than the state average of
$980.
Can I afford New London?
To live comfortably in New London (zip 44851), Ohio, a minimum annual income of
$28,800 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about New London?
The cost of living in 44851 New London, OH is relatively low compared to other areas. The median home value is $157,400 and the median rent is $800 per month. Grocery prices are on average 5-10% lower than the U.S. national average, while utility costs are also lower than average. The cost of transportation is also quite low due to the close proximity of Cleveland and Toledo airports. In addition, the area has several great restaurants and shopping destinations that offer good deals all year round. Overall, 44851 New London offers a great quality of life at an affordable cost.