New London, Connecticut Median Income

New London, Connecticut has a population of 27,021, with a median household income of $62,000.

Current median income data for New London.

$62,000

👥

Population

27,021

💰

Median Income

$62,000

📉

Unemployment

7.20%

🏠

Housing Price

$260,000

🚨

Crime Rate

55.00

🌐

Internet Speed

200.00 Mbps

New London is a smaller urban community located in Connecticut. The city has a population that is above the average city population in Connecticut, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

New London is a notable city in Connecticut, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

New London has a population of 27,021, which is higher than the state average. This indicates a relatively larger urban presence within Connecticut.

Income and Economy

The median household income in New London is $62,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in New London is about $260,000, making it relatively affordable compared to many cities in Connecticut.

Employment and Safety

The unemployment rate in New London is 7.20%, slightly above the state average, suggesting moderate employment conditions. Crime rates in New London are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Connecticut, New London shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, New London offers a balanced mix of economic conditions, population trends, and housing opportunities within Connecticut.

Frequently Asked Questions about New London

What is the population of New London?

The population of New London is approximately 27,021.

Is New London a good place to live?

New London offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in New London?

The median household income in New London is around $62,000.

How expensive is housing in New London?

The average housing price in New London is approximately $260,000.