Cost of Living in New London, WI

A+
9%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
21%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index New London Wisconsin National
Cost of living9196100
Goods & Services9597100
Groceries9899100
Health care95112100
Housing7988100
Transportation9998100
Utilities98102100
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Cost Of Living Quick Facts

  • The cost of living in New London is 5% lower than the Wisconsin average
  • The cost of living in New London is 9% lower than the national average
  • New London housing is 21% lower than the national average
  • Wisconsin general sales tax is 2% lower than the national average
  • Wisconsin state income tax is 36% higher than the national average

Most Affordable Places to Live in and Around New London

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Compare New London, WI Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$76,293$6,358$1,780$2,289
      Renters$38,839$3,237$906$1,165
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New London, WI, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for New London homeowners, is $76,293. This would allow for a maximum of $1,780 per month to be spent on housing costs. For renters, the median monthly income is $38,839 which would result in a maximum of $906 to be spent on rental costs.

      Wisconsin Sales Tax

      State General Sales Tax With Max Surtax
      Wisconsin 5% 6.75%

      Wisconsin Income Tax

      State Income Tax (Low) Income Tax (High)
      Wisconsin 3.54% 7.65%

      Goods & Services

      Item New London National avg. Difference
      Haircut $20.11$24.2617.1%
      Beauty Salon $30.55$45.5632.9%
      Toothpaste $3.73$3.700.7%
      Shampoo $1.29$1.281.0%
      Movie $14.24$12.1317.4%
      Bowling $17.83$18.000.9%

      Groceries

      Item New London National avg. Difference
      Ground Beef $6.10$5.844.4%
      Fried Chicken $1.42$1.579.5%
      Milk $4.73$4.671.3%
      Potatoes $4.35$4.9311.9%
      Pizza $10.54$12.0912.8%
      Beer $8.87$10.4114.8%

      Health Care

      Item New London National avg. Difference
      Optometrist $78.75$125.6837.3%
      Doctor $157.90$135.7816.3%
      Dentist $104.06$113.298.1%
      Ibuprofen $10.58$10.650.7%
      Lipitor $357.09$468.6023.8%

      Housing

      Item New London National avg. Difference
      Home Price $142,400.00$184,700.0022.9%
      Avg. Mortgage Payment $2,027.96$2,346.6913.6%
      Apartment Rent $807.00$949.0015.0%

      Transportation

      Item New London National avg. Difference
      Gasoline $3.32$3.464.2%
      Tire Balancing $63.04$59.925.2%

      Utilities

      Item New London National avg. Difference
      All Electricity $191.22$193.991.4%
      Phone $185.40$192.253.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ogdensburg, WI1828118.6%
      Nichols, WI2258317.0%
      Bear Creek, WI3468416.2%
      Weyauwega, WI1,7068811.8%
      Manawa, WI1,2248713.4%
      New London, WI7,121918.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Parkville, MO7,12212221.8%
      Pacific, WA7,12212727.3%
      South Patrick Shores, FL7,12411414.0%
      Ville Platte, LA7,1178020.5%
      Indiantown, FL7,1258514.8%
      New London, WI7,121918.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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