New London, WI is a small city located in Wisconsin with a population of around 7,400 people. The cost of living in New London is highly affordable when compared to the national average. For example, the rent for a two-bedroom apartment is $840 which is significantly cheaper than the national average of $1,430. Additionally, grocery costs index in New London are 93 versus 100 in the US. \nThe city of New London is home to several prominent companies such as Fox Valley Technical College, Waupaca Foundry Inc., and Nieman's Family Market. Tourists visiting New London can explore various attractions including its historic downtown area with its antique stores and unique dining experiences; nature enthusiasts can take hikes at High Cliff State Park or Wolf River State Trail; while history buffs can visit Mosquito Hill Nature Center & Observatory or even take part in reenactments of historic battles at nearby Fort Winnebago Surgeons Quarters.
New London has an unemployment rate of 4.8%. The US average is 6.0%.
New London has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for New London
- The Sales Tax Rate for New London is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New London is 6.3%. 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 $26,533 a year. The US average is $37,638 a year.
- The Median household income of a New London resident is $55,629 a year. The US average is $69,021 a year.