Living in New London, Connecticut
Cost of living, income, home prices, rent and demographics of New London · Census data 2020–2024
New London has 27,625 residents with a median age of 34.7. The median household income is $59,098 (38% lower than the Connecticut median), the median home value is $253,300, the median rent is $1,340/month.
New London at a glance
- Population
- 27,625
- Median age
- 34.7State: 41.1
- Median household income
- $59,098State: $95,781
- Median home value
- $253,300State: $366,900
- Median rent
- $1,340/moState: $1,488
- Homeowners
- 36.1%
- Bachelor's degree or higher
- 28.5%
- Average commute
- 19 min
Is New London a good place to live?
Pros: Home values 31% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 38% lower than the Connecticut median; unemployment of 6.5%; a poverty rate of 21.6%.
The weather is best in June to September.
Cost of living in New London
Housing is the biggest part of the cost of living. In New London the median home value is $253,300, 24% lower than the U.S. median. Renters pay a median of $1,340 per month, which is 31.5% of household income. Homeowners with a mortgage pay $1,774 a month in housing costs.
New London median household income
The median household income in New London is $59,098 and the income per person is $33,687. 21.6% of residents live below the poverty line (Connecticut: 10%).
Housing in New London: homes for sale and rent
- Housing units
- 12,737
- Owner-occupied
- 36.1%
- Renter-occupied
- 63.9%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 2.04
New London demographics
- Population
- 27,625
- Median age
- 34.7
- Under 18
- 16.6%
- 65 and older
- 15%
- Households
- 11,794
- Foreign-born
- 18.1%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of New London ›
Education in New London
28.5% of adults 25 and older in New London have a bachelor's degree or higher (Connecticut: 42.5%), and 12.5% have a graduate or professional degree.
Jobs and commute in New London
- Unemployment rate
- 6.5%State: 5.6%
- Average commute
- 19 minState: 27 min
- Work from home
- 11.6%
- Drive alone
- 66.6%
- Public transit
- 4.4%
- Walk to work
- 8.8%
- Homes with broadband
- 88.1%
New London vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New London | 27,625 | $59,098 | $253,300 | $1,340 |
| Groton | 9,490 | $79,577 | $306,600 | $1,250 |
| Long Hill | 4,399 | $84,201 | $175,600 | $1,722 |
| Waterford | 19,673 | $104,820 | $355,900 | $1,651 |
| Conning Towers-Nautilus Park | 8,460 | $81,694 | $290,100 | $1,856 |
| Poquonock Bridge | 1,105 | $36,940 | $220,300 | $1,403 |
| Groton Long Point | 546 | $172,500 | $969,600 | $2,295 |
| Noank | 1,859 | $143,583 | $531,900 | $978 |
| Niantic | 3,123 | $81,250 | $396,000 | $1,478 |
More for people moving to New London
New London ZIP code ›Weather and climate ›Living in New London: FAQ
What is the median household income in New London, CT?
The median household income in New London is $59,098, 38% lower than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New London?
The median home value in New London is $253,300, compared with $366,900 in Connecticut.
How much is rent in New London?
The median gross rent in New London is $1,340 per month, about 31.5% of household income.
Is New London, CT a good place to live?
Pluses: home values 31% lower than the state median; an average commute of 19 minutes. Minuses: median household income 38% lower than the Connecticut median; unemployment of 6.5%; a poverty rate of 21.6%.
What is the median age in New London?
The median age in New London is 34.7 years (Connecticut: 41.1).
How long is the commute in New London?
The average commute to work in New London is 19 minutes; 11.6% of workers work from home.
What is the unemployment rate in New London?
The unemployment rate in New London is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New London?
28.5% of adults in New London have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: