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 LondonWisconsinNational
Cost of living index8998100
IndexNew LondonWisconsinNational
Goods & Services index97100100
Groceries index91100100
Health care index107112100
Housing index6691100
Transportation index10399100
Utilities index111102100
The above illustration supplies generalized information for the New London, WI cost of living index. Compared to other cities in Wisconsin and cities across the country, the cost of living index in New London, WI is 89, which is 9% lower than the Wisconsin average and 11% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in New London, WI are 3% lower than the average for Wisconsin and 3% lower than the rest of the country.

Did you know?

  • The cost of living in New London is 9% lower than the Wisconsin average.
  • The cost of living in New London is 11% lower than the national average.
  • The cost of housing in New London is 34% lower than the national average.
  • Wisconsin general sales tax is 2% lower than the national average.
  • Wisconsin state income tax is 98% higher than the national average.

Find Real Estate Listings In New London

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In New London

Compare New London, WI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in New London, WI to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in New London, WI, you have to earn a higher income in order to still have the same standard of living. To operate the New London, WI salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,518$4,793$1,342$1,726
Renters$41,000$3,417$957$1,230
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New London, WI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for New London, WI homeowners, is $57,518. This would allow for a maximum of $1,342 per month to be spent on housing costs. For renters, the median monthly income is $41,000 which would result in a maximum of $957 to be spent on rental costs.

Wisconsin Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wisconsin5%5.6%

Wisconsin Income Tax

StateIncome Tax (Low)Income Tax (High)
Wisconsin4.4%7.65%
When you are determining the total cost of living in New London, WI you will want to make sure you consider both the Wisconsin sales tax and the Wisconsin income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Wisconsin is 5%, with the highest surtax being 5.6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Wisconsin have a range from 4.4% to 7.65%.

Goods & Services

ItemNew LondonNational avg.Difference
Haircut $10.00$14.5931.5%
Beauty Salon $25.38$34.6826.8%
Toothpaste $1.86$2.4724.8%
Shampoo $0.81$1.0220.7%
Movie $10.00$9.871.3%
Bowling $2.60$4.3940.8%

Groceries

ItemNew LondonNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.57$1.467.2%
Milk $2.32$2.361.6%
Potatoes $1.83$3.0640.2%
Pizza $9.00$9.242.6%
Beer $7.41$8.6314.2%

Health Care

ItemNew LondonNational avg.Difference
Optometrist $61.25$99.7838.6%
Doctor $138.88$105.0332.2%
Dentist $85.52$88.703.6%
Ibuprofen $9.22$9.412.0%
Lipitor $320.38$298.507.3%

Housing

ItemNew LondonNational avg.Difference
Home Price $110,800.00$175,700.0036.9%
Avg. Mortgage Payment $907.91$1,081.0316.0%
Apartment Rent $658.00$920.0028.5%

Transportation

ItemNew LondonNational avg.Difference
Gasoline $2.01$2.093.9%
Tire Balancing $56.00$45.2923.7%

Utilities

ItemNew LondonNational avg.Difference
All Electricity$169.27$170.800.9%
Phone $35.98$28.2627.3%
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.
Nichols, WI18985-15%
Bear Creek, WI43785-15%
Manawa, WI1,27386-14%
Ogdensburg, WI22687-13%
Shiocton, WI91688-12%
New London, WI7,09189-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pleasantville, NY7,09016969%
Hampton, GA7,09296-4%
Ocean City, MD7,09311818%
Kennedale, TX7,0931011%
Milton-Freewater, OR7,09483-17%
New London, WI7,09189-11%
Source: The New London, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.