Cost of living in New London, Iowa
Simple answer
Typical rent is $849 a month.
New London is a city in Iowa. That rent number includes utilities. A typical household earns $77,560 a year.
- People
- 2,338
- Census average, 2020–2024
- Typical rent
- $849
- Median gross rent, includes utilities
- Typical pay
- $77,560
- Median household income, yearly
- Typical home
- $139,600
- Median home value
- 2-bedroom fair rent
- $958
- Henry County, IA
New London, Iowa has about 2,338 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $139,600.
HUD's fair-market rent for a 2-bedroom in Henry County is $958 a month. That is the county number, not an apartment listing in New London. It runs from October 2026 through September 2027.
Iowa's prices sit at 87.8 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.
Iowa taxes wages. A typical combined sales tax is 6.9% as of January 1, 2026. That mix is statewide, not New London's exact store tax.
Some places in Iowa add a local wage tax. In 2023 the state average was about 0.08% of income. That is not a New London bill.
In July 2026, a typical Iowa home paid 15.99¢ per kilowatt-hour. That is a state average from EIA, not New London's bill.
EIA did not publish a 2025 all-grades gas price for Iowa in the table we use.
Among 264 places we list in Iowa with a rent figure, 136 have higher typical rent than New London.
Nearby places
- Mount Pleasant
Typical rent $826
Compare with New London - Mediapolis
Typical rent $1,040
Compare with New London - West Burlington
Typical rent $800
Compare with New London - Burlington
Typical rent $924
Compare with New London - Wayland
Typical rent $814
Compare with New London - Wapello
Typical rent $711
Compare with New London - Fort Madison
Typical rent $826
- Columbus Junction
Typical rent $623
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in Iowa
Bigger places in Iowa
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.