Cost of Living in New London, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.2
100 = national avg
-22.8 vs national average
Living Wage (1 Adult)
$33,964
per year
Living Wage (Family of 4)
$80,280
per year
Cost Index by Category
Housing71.7
Food86.1
Transportation72.3
Healthcare88.9
Utilities86.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$677
per month
2 Bedroom
$888
per month
The overall cost of living index in New London is 77.2, which is 22.8% below the national average. Housing costs are below the national average at an index of 71.7. A single adult needs to earn approximately $33,964 per year to cover basic expenses.