Cost of Living in New London, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.4
100 = national avg
-7.6 vs national average
Living Wage (1 Adult)
$40,657
per year
Living Wage (Family of 4)
$96,099
per year
Cost Index by Category
Housing78.7
Food100.3
Transportation100.6
Healthcare100.2
Utilities95.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$716
per month
2 Bedroom
$939
per month
The overall cost of living index in New London is 92.4, which is 7.6% below the national average. Housing costs are below the national average at an index of 78.7. A single adult needs to earn approximately $40,657 per year to cover basic expenses.