States › Wisconsin › New London

Is New London, WI expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$95046% lower than U.S. average
💵 Families earn per year (2026)$65,370about $5,448/month · 25% lower than U.S. average
🔑 House price$174,80047% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $38,000 a year. That is $18 an hour at a full-time job.

Is rent cheaper than other Wisconsin cities?

Yes. Rent here is cheaper than in most of Wisconsin. It is number 15 of 156 cities from cheapest to most expensive.

New London
$950
Jefferson
$1,401
Mount Horeb
$1,305
Hales Corners
$1,797
Ripon
$1,199
Ashland
$909
Vernon
$1,244

How much do households earn in New London?

Under $25k
18.2%
$25k–50k
20.3%
$50k–100k
30.6%
$100k–150k
16.0%
$150k+
5.4%

Share of households by yearly income. 21.4% of households earn $100,000 or more.

Rent by apartment size in New London

SizeNew LondonU.S. average
1 bedroom$691$1,324
2 bedrooms$910$1,509
3 bedrooms$1,151$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is New London overall?

Everyday prices in Wisconsin overall are 6% below the U.S. average (index 94.1, U.S. = 100).

Housing
79
Goods (food, clothes…)
94
Utilities
90
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for New London, so the Wisconsin figure is shown.

Taxes and bills in New London

🏛️ Property tax$3,043a year · 1.74% of home value · U.S. $3,119
⚡ Electric bill$124a month (typical) · U.S. $156

Life in New London

Commute to work24.4 minU.S.: 26.4 min
College degree17.3%U.S.: 35.7%
Own their home52%U.S.: 65.2%
Below poverty line21%U.S.: 12.5%
Unemployment2.8%U.S.: 5.2%

Is it cheaper to rent or buy in New London?

Renting is cheaper right now: about $263 a month less.

Renting
$950
Owning
$1,213

Owning assumes a typical $174,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,480 for the down payment.

Frequently asked questions

What is the average rent in New London, WI?

Renting in New London costs a median of about $950 a month in 2026, including utilities. The Wisconsin median is $1,305.

How much do I need to make to live in New London?

To keep rent under 30% of income, you need about $38,000 a year, or $18 an hour at a full-time job.

Is New London cheap or expensive?

New London is rated Cheap: rent takes 17.4% of the typical household income of $65,370. It ranks 15th cheapest of 156 Wisconsin cities we track.

How much are property taxes in New London?

The median homeowner in New London pays $3,043 a year in property taxes, about 1.74% of the median home value.

Is New London more expensive than the national average?

Overall prices in Wisconsin are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in New London?

The median home value in New London is $174,800, about 2.7 times the typical yearly household income.

7,726 people live in New London. Numbers are typical (middle) values.