Cost of Living in New London, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.0
100 = national avg
-11.0 vs national average
Living Wage (1 Adult)
$39,153
per year
Living Wage (Family of 4)
$92,542
per year
Cost Index by Category
Housing95.3
Food89.6
Transportation79.2
Healthcare91.7
Utilities92.8
100 = national average. Higher = more expensive.
The overall cost of living index in New London is 89.0, which is 11.0% below the national average. Housing costs are below the national average at an index of 95.3. A single adult needs to earn approximately $39,153 per year to cover basic expenses.