New London, CT
Population 27,199 · Connecticut
About New London, CT
New London is a mid-sized city located in Connecticut with a population of 27,199 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,123 per year, which is 20% below the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in New London features a median home value of $234,800, which is 4% below the national median of $244,900. This positions New London in a moderately priced market relative to the rest of the country. Median monthly rent is $1,303, 12% above the national average of $1,163/month. Of the 12,514 total housing units, 40% are owner-occupied (4,634 units) and 60% are renter-occupied (6,935 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in New London shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 21.0%, above the national average of 12.4%. Workers in New London have an average one-way commute time of 20.1 minutes.
Education & Demographics
28.9% of New London residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.1% White, 1.9% Hispanic or Latino, 17.5% Black or African American, and 15.3% Asian residents, with 19.1% of the population being foreign-born.
How New London Ranks in Connecticut
Cost of Living in New London, CT
Compared to national averages, New London has a median household income of $60,123 (20% below the national median of $75,149). Home values average $234,800, which is 4% below the national median. Monthly rent at $1,303 is 12% above the US average of $1,163. Within Connecticut, New London's income is 51% below the state average of $123,065, and home values are 55% below the state median of $516,920.
Why Live in New London, CT?
New London offers affordable housing with a median home value of $234,800, below the US average of $244,900, and short commute times averaging just 20.1 minutes.
Potential considerations include median household income ($60,123) that falls below the national average. However, New London’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New London has a population of 27,199 with a median age of 35.1 years. Compare New London with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near New London
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wethersfield | 27,180 | $118,523 | $300,500 | Compare |
| East Haven | 27,729 | $86,498 | $274,900 | Compare |
| North Haven | 24,177 | $126,807 | $360,100 | Compare |
| Newington | 30,551 | $98,585 | $279,900 | Compare |
| Naugatuck | 31,634 | $92,184 | $241,600 | Compare |
| Ansonia | 18,951 | $80,585 | $269,300 | Compare |
| Torrington | 35,481 | $69,611 | $195,800 | Compare |
| Wallingford Center | 18,107 | $84,554 | $292,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New London With Other Cities
Frequently Asked Questions about New London
What is the population of New London, CT?
The population of New London, CT is 27,199 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Connecticut.
What is the median household income in New London?
The median household income in New London, CT is $60,123 per year, which is 20% below the national median of $75,149.
What is the median home value in New London?
The median home value in New London, CT is $234,800, which is 4% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in New London?
The median monthly rent in New London, CT is $1,303, which is 12% above the national average of $1,163/month.
What is the unemployment rate in New London?
The unemployment rate in New London, CT is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New London, CT a good place to live?
New London offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 27,199 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is New London, CT?
28.9% of residents in New London aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New London?
Key cost-of-living indicators for New London, CT: median home value is $234,800 (4% below national), median rent is $1,303/month, and median household income is $60,123. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in New London?
The poverty rate in New London, CT is 21.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New London, CT?
New London's population is 1.1% White, 1.9% Hispanic or Latino, 17.5% Black or African American, 15.3% Asian, and 13.5% two or more races. 19.1% of residents are foreign-born.