Living in New London, Indiana
Cost of living, income, home prices, rent and demographics of New London · Census data 2020–2024
New London has 207 residents with a median age of 28. The median home value is $193,100.
New London is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New London at a glance
- Population
- 207
- Median age
- 28State: 38.1
- Median home value
- $193,100State: $218,200
- Homeowners
- 66.2%
- Bachelor's degree or higher
- 21.9%
- Average commute
- 15 min
Is New London a good place to live?
Pros: Home values 12% lower than the state median; an average commute of 15 minutes; a poverty rate of 3.9%.
Cons: Unemployment of 9.5%.
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 $193,100, 42% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Housing in New London: homes for sale and rent
- Housing units
- 74
- Owner-occupied
- 66.2%
- Renter-occupied
- 33.8%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.80
New London demographics
- Population
- 207
- Median age
- 28
- Under 18
- 40.1%
- 65 and older
- 16.9%
- Households
- 74
- Foreign-born
- 0%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of New London ›
Education in New London
21.9% of adults 25 and older in New London have a bachelor's degree or higher (Indiana: 29.5%), and 0% have a graduate or professional degree.
Jobs and commute in New London
- Unemployment rate
- 9.5%State: 4.3%
- Average commute
- 15 minState: 24 min
- Work from home
- 0%
- Drive alone
- 66.3%
- Public transit
- 0%
- Walk to work
- 8.4%
- Homes with broadband
- 89.2%
New London vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New London | 207 | — | $193,100 | — |
| Russiaville | 1,445 | $84,457 | $182,300 | $931 |
| Burlington | 562 | $75,833 | $146,300 | $921 |
| Kokomo | 59,122 | $55,360 | $137,400 | $939 |
| Michigantown | 514 | $74,375 | $147,200 | $844 |
| Galveston | 1,363 | $56,927 | $130,300 | $633 |
| Sharpsville | 662 | $92,500 | $116,700 | $1,116 |
| Cassville | 279 | $72,269 | $163,700 | — |
| Kempton | 225 | $52,500 | $118,800 | $808 |
More for people moving to New London
New London ZIP code ›Weather and climate ›Living in New London: FAQ
What is the average home price in New London?
The median home value in New London is $193,100, compared with $218,200 in Indiana.
Is New London, IN a good place to live?
Pluses: home values 12% lower than the state median; an average commute of 15 minutes; a poverty rate of 3.9%. Minuses: unemployment of 9.5%.
What is the median age in New London?
The median age in New London is 28 years (Indiana: 38.1).
How long is the commute in New London?
The average commute to work in New London is 15 minutes; 0% of workers work from home.
What is the unemployment rate in New London?
The unemployment rate in New London is 9.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New London?
21.9% 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.
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