Cost of Living in New London, CT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.7
100 = national avg
+13.7 vs national average
Living Wage (1 Adult)
$50,016
per year
Living Wage (Family of 4)
$118,219
per year
Cost Index by Category
Housing146.7
Food96.0
Transportation91.9
Healthcare96.8
Utilities106.9
100 = national average. Higher = more expensive.
The overall cost of living index in New London is 113.7, which is 13.7% above the national average. Housing costs are above the national average at an index of 146.7. A single adult needs to earn approximately $50,016 per year to cover basic expenses.