New London, MO is a small city located in the state of Missouri. It has a median household income of $51,890, and an unemployment rate of 4.2%, lower than the US average. The cost of living in New London is very affordable, with a two bedroom rent at $840 while the US average is $1,430. Additionally, grocery costs are below the national average at 97 index versus 100 in the US. This makes New London an ideal place to live for those looking for affordability and community charm. Local businesses such as Pride Store and Shell Service Station offer goods and services to residents, while Journey’s End Cafe provides residents with delicious food and beverages.
New London has an unemployment rate of 4.0%. The US average is 6.0%.
New London has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for New London
- The Sales Tax Rate for New London is 6.7%. The US average is 7.3%.
- The Income Tax Rate for New London is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New London
- The average income of a New London resident is $14,420 a year. The US average is $28,555 a year.
- The Median household income of a New London resident is $47,500 a year. The US average is $69,021 a year.