What is the cost of living in New London, CT?
According to the most recent data on the cost of living, New London has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Connecticut, New London has a cost of living index that's 0.9x lower than Connecticut's index of 116.
The standard of living in New London ranks as #15 most affordable out of the 55 places we measured in Connecticut. By definition, that implies New London ranks as the #40 most expensive place in the Constitution State.
For more reading on life in New London, check out:
New London Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in New London. Here is how it fares on each of the criteria:
The Services index in New London is 107.
The Groceries index in New London is 110.
The Health index in New London is 105.
The Housing index in New London is 106.
The Transportation index in New London is 109.
The Utilities index in New London is 109.
| Living Expense | New London | Connecticut | National Average |
|---|---|---|---|
| Overall | 109 | 116 | 100 |
| Services | 107 | 107 | 100 |
| Groceries | 110 | 111 | 100 |
| Health | 105 | 137 | 100 |
| Housing | 106 | 108 | 100 |
| Transportation | 109 | 110 | 100 |
| Utilities | 109 | 111 | 100 |
New London Cost Of Living Compared To Connecticut Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Connecticut, check out:
- Most Expensive Cities In Connecticut
- Most Affordable Cities In Connecticut
- Average Rent In Connecticut
Source: Cost-of-living index 2026, normalized to US average = 100
New London, CT Housing Cost Breakdown
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in New London is $312,695.
The Median Rent in New London is $1,340.
The Median Income in New London is $59,098.
The Home Value To Income in New London is 5.3x.
The Rent To Monthly Income in New London is 0.27x.
| Statistic | New London | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $312,695 | $436,407 | $332,700 |
| Median Rent | $1,340 | $1,488 | $1,413 |
| Median Income | $59,098 | $95,781 | $80,734 |
| Home Value To Income | 5.3x | 4.6x | 4.1x |
| Rent To Monthly Income | 0.27x | 0.19x | 0.21x |
New London, CT Costs By Category
Detailed New London Services costs vs. Connecticut
| Item | New London | Connecticut |
|---|---|---|
| Shampoo | $1.42 | $1.28 |
| Movie | $12.85 | $12.13 |
| Bowling | $18.33 | $18 |
| Haircut | $33.78 | $24.26 |
| Beauty Salon | $58.55 | $45.56 |
Detailed New London Groceries costs vs. Connecticut
| Item | New London | Connecticut |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $4.96 | $4.93 |
| Pizza | $10.79 | $12.09 |
| Beer | $10.49 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed New London Health costs vs. Connecticut
| Item | New London | Connecticut |
|---|---|---|
| Optometrist | $166.22 | $125.68 |
| Doctor | $182.5 | $135.78 |
| Dentist | $127.0 | $113.29 |
Detailed New London Transportation costs vs. Connecticut
| Item | New London | Connecticut |
|---|---|---|
| Gasoline | $3.34 | $3.46 |
| Tire Balancing | $71.63 | $59.92 |
Detailed New London Utilities costs vs. Connecticut
| Item | New London | Connecticut |
|---|---|---|
| All Electricity | $302.09 | $193.99 |
| Phone | $185.16 | $192.25 |
New London SnackAbility
Cost Of Living In Cities Around New London
The cost of living varies in the cities and towns around New London. Here's a quick look at the cost of living in the most populous nearby places:
Groton, CT has a cost of living index of 110, 1.0x New London.
| City | Population | Cost Of Living | Vs. New London |
|---|---|---|---|
| Groton, CT | 9,490 | 110 | 1.0x |
