Cost of Living in New London, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.0
100 = national avg
-20.0 vs national average
Living Wage (1 Adult)
$35,183
per year
Living Wage (Family of 4)
$83,159
per year
Cost Index by Category
Housing72.5
Food88.9
Transportation77.8
Healthcare91.1
Utilities87.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$895
per month
2 Bedroom
$1,175
per month
The overall cost of living index in New London is 80.0, which is 20.0% below the national average. Housing costs are below the national average at an index of 72.5. A single adult needs to earn approximately $35,183 per year to cover basic expenses.