Cost of Living in New London, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
103.8
100 = national avg
+3.8 vs national average
Living Wage (1 Adult)
$45,670
per year
Living Wage (Family of 4)
$107,947
per year
Cost Index by Category
Housing107.7
Food101.1
Transportation102.2
Healthcare100.9
Utilities102.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$787
per month
2 Bedroom
$973
per month
The overall cost of living index in New London is 103.8, which is 3.8% above the national average. Housing costs are above the national average at an index of 107.7. A single adult needs to earn approximately $45,670 per year to cover basic expenses.