Cost of Living in New London, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
102.8
100 = national avg
+2.8 vs national average
Living Wage (1 Adult)
$45,246
per year
Living Wage (Family of 4)
$106,946
per year
Cost Index by Category
Housing117.8
Food95.6
Transportation92.2
Healthcare96.5
Utilities100.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$705
per month
2 Bedroom
$925
per month
The overall cost of living index in New London is 102.8, which is 2.8% above the national average. Housing costs are above the national average at an index of 117.8. A single adult needs to earn approximately $45,246 per year to cover basic expenses.