New London, WI, boasts a lower cost of living index compared to the nationwide average. The overall index stands at 89, indicating that residents spend about 11% less on average expenses. Key areas like housing and utilities contribute to this reduction, with housing at 78 and utilities at 85, both below the 100 average.
New London, WI, presents a cost of living index that diverges slightly from the nationwide average, which is set at 100. Housing in New London is notably more affordable, with an index of 78, indicating that residents pay about 22% less than the national average for housing. This can make homeownership and renting more attractive for those looking to save on monthly expenses.
The cost of other essentials in New London also varies from the national average. Groceries, with an index of 95, suggest that these items are about 5% less expensive than in other parts of the country. Utilities stand at 85, meaning residents pay 15% less for services like electricity, gas, and water. While transportation costs are slightly above the national average at 101, this represents only a 1% increase. Healthcare, valued at 90, shows a 10% saving compared to the nationwide average. Lastly, miscellaneous costs, with an index of 92, reflect a modest 8% reduction. Overall, New London provides a cost-effective living environment, especially in housing and groceries.
