New London, Texas (zip code 75682) is a small city located in the state of Texas. It has a population of approximately 1,220 people and is known for its close-knit community. The 2 bedroom rent in New London is $970, which is lower than the US average of $1,430. The Grocery Cost Index here is 91 compared to the US index of 100. New London's economy primarily focuses on oil production and related industries. Several local companies serve this industry including Johnson Oils LLC and S&S Oilfield Services LLC.
New London offers several amenities for its residents such as recreational activities at the Walker County Lake Park and nature trails through the Nature Center at Martin Creek Lake State Park. There are also plenty of restaurants in town such as J & K Family Restaurant and New London BBQ & Grill. Additionally, tourists can enjoy historic sites like the Texas House Museum or catch a show at The Grand Theatre. Overall, New London provides a welcoming atmosphere with its variety of businesses and entertainment options for both locals and visitors alike.
New London (zip 75682) has an unemployment rate of 7.5%. The US average is 6.0%.
New London (zip 75682) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for New London (zip 75682)
- The Sales Tax Rate for New London (zip 75682) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New London (zip 75682) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New London (zip 75682)
- The average income of a New London (zip 75682) resident is $17,511 a year. The US average is $28,555 a year.
- The Median household income of a New London (zip 75682) resident is $55,962 a year. The US average is $69,021 a year.