Cost of Living in New London, NH

Population 4,422 · New Hampshire · Data vintage 2023

139
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

New London is a smaller New Hampshire community of around 4000 residents, where median household incomes of $94,318 and housing costs ($462,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.8% points to a labor market well on the tight side of the national distribution.

Located 40 miles northwest of Manchester, New London falls within that metro's commuting orbit. Median home values run roughly 37% higher than Manchester's $336,000.

Cost Overview

Housing 152
Rent 119

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in New London

The median home value in New London is $462,400 — 52% above the national median of $305,000. Median rent runs $1,569/month, 19% higher than the national median of $1,314/month. The median household income of $94,318/year is 26% higher than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. New Hampshire charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 57.5°F and lows of 34.6°F. Overall, New London has a cost of living index of 139 versus the US average of 100, meaning it is 39% more expensive.

🏠 Housing

Median Home Value
$462,400
52% above avg
Median Rent
$1,569/mo
19% above avg
Price-to-Rent Ratio
24.6x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,120
1 BR
$1,230
2 BR
$1,614
3 BR
$2,132
4 BR
$2,140
Owner-occupied 86.9%
Renter-occupied 13.1%

💰 Estimated Monthly Budget

Rent median rent
$1,569
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,183/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
28.9 min
7% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.3%

Commute Mode

Drove alone
72.7%
Carpooled
5.6%
Walked
5.2%
Work from home
13.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 0.0%
State rate 0.0%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$94,318
26% above avg
Per Capita Income
$50,484
Unemployment Rate
2.8%
41% below avg
Poverty Rate
2.8%
Labor Force Participation
38.2%

🎓 Education

Bachelor's degree+ 30.9%
Graduate degree 34.5%

👥 Demographics

Median Age 46.6
Male median age 41.3
Female median age 52.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.5°F
Avg Low
34.6°F
Annual Precip
38.1"
23° 45° 68° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 303443577078838173604736
Low °F 91121324452585649372818
Precip" 2.292.102.702.993.323.803.993.623.444.002.982.84

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
92.5%
Good air days/yr
100
Max AQI recorded
0
PM2.5 days
213
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
10.3:1
Student-teacher ratio
7
Public schools
1,700
Total enrollment

Frequently Asked Questions

What is the cost of living in New London, NH?

New London has a cost index of 139 (100 = national average). It is 39% above the national average.

What is average rent in New London, NH?

The median gross rent in New London is $1,569 per month based on 2023 Census data.

What is the average home price in New London?

The median home value in New London is $462,400 according to 2023 Census ACS data.

What is the median income in New London?

The median household income in New London is $94,318 per year (2023 ACS 5-year estimates).

What is the sales tax in New London, NH?

The combined state and local sales tax rate in New London is 0.0%. New Hampshire has no state income tax.

Is New London, NH affordable?

New London is above average in cost of living, with an index of 139 — about 39% higher than the national average.

What is the weather like in New London?

New London has average high temperatures of 57.5°F and average lows of 34.6°F. Annual precipitation is 38.1". Data from NOAA 1991–2020 Climate Normals.

New London at a Glance

Population
4,422
Median Income
$94,318
Home Value
$462,400
Median Rent
$1,569/mo
Unemployment
2.8%
Avg High Temp
57.5°F
Sales Tax
0.0%
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