New London, IN
Population 179 · Indiana
About New London, IN
New London is a small community located in Indiana with a population of 179 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,786 per year, which is 31% below the national median of $75,149. The median age of 27.5 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 $179,200, which is 27% 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 $0, 100% below the national average of $1,163/month. Of the 62 total housing units, 77% are owner-occupied (48 units) and 23% are renter-occupied (14 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New London shows an unemployment rate of 12.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New London have an average one-way commute time of 13.4 minutes, one of the shorter commutes in the region.
Education & Demographics
23.7% 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New London, IN
Compared to national averages, New London has a median household income of $51,786 (31% below the national median of $75,149). Home values average $179,200, which is 27% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, New London's income is 25% below the state average of $69,330, and home values are 10% above the state median of $163,409.
Why Live in New London, IN?
New London offers affordable housing with a median home value of $179,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 7.8%, better than the national average. Additionally, the city features short commute times averaging just 13.4 minutes.
Potential considerations include median household income ($51,786) 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 179 with a median age of 27.5 years. Compare New London with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New London
Cities in Indiana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
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, IN?
The population of New London, IN is 179 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in New London?
The median household income in New London, IN is $51,786 per year, which is 31% below the national median of $75,149.
What is the median home value in New London?
The median home value in New London, IN is $179,200, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New London?
The median monthly rent in New London, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in New London?
The unemployment rate in New London, IN is 12.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New London, IN a good place to live?
New London offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 179 and a median age of 27.5, the city appeals to young professionals and families.
How educated is New London, IN?
23.7% 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, IN: median home value is $179,200 (27% below national), median rent is $0/month, and median household income is $51,786. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New London?
The poverty rate in New London, IN is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New London, IN?
New London's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.