New London, MN
1,187Residents
$68,421Median household income
$946/moMedian gross rent
$218,800Median home value
39.1Median age
39%Adults with a bachelor’s degree or higher
72%Homes lived in by their owners
3.2×Home value to household income
Median rent takes about 17% 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 $38,000 a year. In Minnesota that leaves roughly $2,511 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.