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 LondonNorth CarolinaNational
Cost of living index8794100
IndexNew LondonNorth CarolinaNational
Goods & Services index9698100
Groceries index9798100
Health care index115107100
Housing index7585100
Transportation index7598100
Utilities index8396100

Did you know?

  • The cost of living in New London is 8% lower than the North Carolina average.
  • The cost of living in New London is 13% lower than the national average.
  • The cost of housing in New London is 25% lower than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Compare New London, NC Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,469$5,039$1,411$1,814
Renters$90,114$7,510$2,103$2,704

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%

Goods & Services

ItemNew LondonNational avg.Difference
Haircut $11.50$16.0928.5%
Beauty Salon $29.33$37.3321.4%
Toothpaste $1.90$2.4522.5%
Shampoo $0.95$1.005.1%
Movie $6.00$10.2841.6%
Bowling $2.25$4.9354.4%

Groceries

ItemNew LondonNational avg.Difference
Ground Beef $3.62$3.804.7%
Fried Chicken $1.11$1.4020.8%
Milk $1.82$2.019.2%
Potatoes $3.25$3.018.1%
Pizza $11.99$9.8921.3%
Beer $8.29$8.906.9%

Health Care

ItemNew LondonNational avg.Difference
Optometrist $120.00$102.1617.5%
Doctor $150.00$108.3638.4%
Dentist $99.12$92.537.1%
Ibuprofen $9.22$9.280.6%
Lipitor $431.91$425.821.4%

Housing

ItemNew LondonNational avg.Difference
Home Price $134,400.00$184,700.0027.2%
Avg. Mortgage Payment $1,008.12$1,202.4416.2%
Apartment Rent $761.00$949.0019.8%

Transportation

ItemNew LondonNational avg.Difference
Gasoline $2.13$2.245.1%
Tire Balancing $15.76$46.2965.9%

Utilities

ItemNew LondonNational avg.Difference
All Electricity$155.87$165.966.1%
Phone $20.50$28.6828.5%
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.
Badin, NC1,90681-19%
Southmont, NC1,25281-19%
Denton, NC1,77381-19%
Millingport, NC38982-18%
Norwood, NC2,96082-18%
New London, NC59387-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Roxton, TX59374-26%
Irwinton, GA59381-19%
Bucoda, WA59395-5%
Bowmans Addition, MD59385-15%
White Oak, MS59375-25%
New London, NC59387-13%
Source: The New London, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.