Cost of Living in New London, MN

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A+
3%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
11%
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 Minnesota National
Cost of living97100100
Groceries100100100
Health care99100100
Housing89100100
Transportation100100100
Utilities106104100
Lifestyle & Entertainment101100100
Household Items102100100
Education & Childcare9999100
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Homes For Sale In New London, MN

property for sale

8666 Riverwood Cir N

New London, MN
property for sale

698 Westland Ln

New London, MN
property for sale

23801 County Road 9 NE

New London, MN
property for sale

11870 County Road 40 NE

Spicer, MN

Cost Of Living Quick Facts

  • The cost of living in New London is 3% lower than the Minnesota average
  • The cost of living in New London is 3% lower than the national average
  • New London housing is 11% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around New London

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$106,604$8,884$2,487$3,198
      Renters$40,469$3,372$944$1,214

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Sunburg, MN678416.2%
      Regal, MN528713.1%
      Brooten, MN6128812.2%
      Grove City, MN8128811.7%
      Belgrade, MN1,0638911.4%
      New London, MN1,275972.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      March ARB, CA1,27513232.1%
      Canaan, CT1,2751044.1%
      Kaaawa, HI1,27519191.4%
      Country Club Hills, MO1,2758218.0%
      Belhaven, NC1,2758614.4%
      New London, MN1,275972.8%
      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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