Cost of Living in New London, IA

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15%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
42%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index New London Iowa National
Cost of living8589100
Groceries9597100
Health care9896100
Housing5874100
Transportation9897100
Utilities9695100
Lifestyle & Entertainment9595100
Household Items9597100
Education & Childcare9694100
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Homes For Sale In New London, IA

property for sale

103 W Sherrie Ln

New London, IA
property for sale

126 Dover Cir

New London, IA
property for sale

2449 2nd Street Ext

Lowell, IA
property for sale

128 Dover Cir

New London, IA

Cost Of Living Quick Facts

  • The cost of living in New London is 5% lower than the Iowa average
  • The cost of living in New London is 15% lower than the national average
  • New London housing is 42% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around New London

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      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$97,963$8,164$2,286$2,939
      Renters$58,492$4,874$1,365$1,755

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Beaverdale, IA918990.8%
      Rome, IA737921.3%
      Mount Union, IA1407920.7%
      Salem, IA5078317.1%
      Winfield, IA1,0708317.0%
      New London, IA2,5208515.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Willamina, OR2,5201044.3%
      New Eagle, PA2,5208514.6%
      Lawson, MO2,5198911.1%
      Lennox, SD2,519909.8%
      Cumberland, WI2,519919.2%
      New London, IA2,5208515.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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