New London cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNew LondonIowaNational
Cost of living index8088100
IndexNew LondonIowaNational
Goods & Services index9093100
Groceries index9595100
Health care index9496100
Housing index5173100
Transportation index9197100
Utilities index10299100

Did you know?

  • The cost of living in New London is 9% lower than the Iowa average.
  • The cost of living in New London is 20% lower than the national average.
  • The cost of housing in New London is 49% lower than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,143$3,929$1,100$1,414
Renters$26,154$2,180$610$785

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemNew LondonNational avg.Difference
Haircut $10.00$14.5931.5%
Beauty Salon $26.00$34.6825.0%
Toothpaste $1.96$2.4720.8%
Shampoo $0.88$1.0213.9%
Movie $8.25$9.8716.4%
Bowling $4.00$4.398.9%

Groceries

ItemNew LondonNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.44$1.461.6%
Milk $2.32$2.361.6%
Potatoes $2.01$3.0634.3%
Pizza $9.00$9.242.6%
Beer $7.78$8.639.9%

Health Care

ItemNew LondonNational avg.Difference
Optometrist $78.00$99.7821.8%
Doctor $121.00$105.0315.2%
Dentist $69.00$88.7022.2%
Ibuprofen $9.32$9.411.0%
Lipitor $286.58$298.504.0%

Housing

ItemNew LondonNational avg.Difference
Home Price $80,800.00$175,700.0054.0%
Avg. Mortgage Payment $891.84$1,081.0317.5%
Apartment Rent $582.00$920.0036.7%

Transportation

ItemNew LondonNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $37.47$45.2917.3%

Utilities

ItemNew LondonNational avg.Difference
All Electricity$185.34$170.808.5%
Phone $26.03$28.267.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Mount Union, IA10575-25%
Salem, IA41378-22%
Denmark, IA30978-22%
Rome, IA15378-22%
Morning Sun, IA1,03379-21%
New London, IA1,84480-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sea Girt, NJ1,844216116%
Denver, IA1,84490-10%
Benton, TN1,84481-19%
Dayton, VA1,8441022%
Landisville, PA1,84411010%
New London, IA1,84480-20%
Source: The New London, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.