New London, CT
27,625Residents
$59,098Median household income
$1,340/moMedian gross rent
$253,300Median home value
34.7Median age
28%Adults with a bachelor’s degree or higher
36%Homes lived in by their owners
4.3×Home value to household income
Median rent takes about 27% of the median household income in New London.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $54,000 a year. In Connecticut that leaves roughly $3,572 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.