New London, PA is a small town located in Pennsylvania with a population of 3,586 people as of 2019. The cost of living is relatively low, with a 2 bedroom rent costing around $1,230 compared to $1,430 in the US. The Grocery Cost Index for New London is 108 versus 100 in the US. Local companies in New London include Comly Electric Supply Co., Inc., Valley Waste Service, Inc., and Pauley’s Automotive & Exhaust LLC. There are also many local farms and greenhouses that provide produce year-round to the community. In short, New London is an affordable and accessible place to live; its parks, bike trails, and historic buildings make it an ideal destination for families or anyone looking for peace and quiet.
New London has an unemployment rate of 4.7%. The US average is 6.0%.
New London has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for New London
- The Sales Tax Rate for New London is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New London is 3.6%. 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 $40,851 a year. The US average is $28,555 a year.
- The Median household income of a New London resident is $134,470 a year. The US average is $69,021 a year.