New London, MN
Population 1,156 · Minnesota
About New London, MN
New London is a small town located in Minnesota with a population of 1,156 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,830 per year, which is 11% below the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New London features a median home value of $209,300, which is 15% 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 $960, 17% below the national average of $1,163/month. Of the 536 total housing units, 70% are owner-occupied (343 units) and 30% are renter-occupied (144 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New London shows an unemployment rate of 0.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New London have an average one-way commute time of 20.6 minutes.
Education & Demographics
36.9% 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 3.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 2.3% Asian residents, with 4.9% of the population being foreign-born.
How New London Ranks in Minnesota
Cost of Living in New London, MN
Compared to national averages, New London has a median household income of $66,830 (11% below the national median of $75,149). Home values average $209,300, which is 15% below the national median. Monthly rent at $960 is 17% below the US average of $1,163. Within Minnesota, New London's income is 10% below the state average of $74,221, and home values are 2% above the state median of $204,472.
Why Live in New London, MN?
New London offers affordable housing with a median home value of $209,300, below the US average of $244,900, and rent that’s lower than the national average at $960/month, and a strong job market with an unemployment rate of just 0.2%. Additionally, the city features a well-educated community where 36.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.0%, better than the national average, and short commute times averaging just 20.6 minutes.
Potential considerations include median household income ($66,830) 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 1,156 with a median age of 36.7 years. Compare New London with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near New London
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elbow Lake | 1,158 | $56,786 | $118,900 | Compare |
| Shafer | 1,151 | $96,042 | $225,700 | Compare |
| Elgin | 1,147 | $87,000 | $218,200 | Compare |
| Dellwood | 1,145 | $208,125 | $729,800 | Compare |
| East Gull Lake | 1,173 | $128,548 | $522,000 | Compare |
| Redby | 1,175 | $53,846 | $109,500 | Compare |
| Fairfax | 1,134 | $53,750 | $99,800 | Compare |
| Madison Lake | 1,178 | $84,833 | $281,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of New London, MN is 1,156 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in New London?
The median household income in New London, MN is $66,830 per year, which is 11% below the national median of $75,149.
What is the median home value in New London?
The median home value in New London, MN is $209,300, which is 15% 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, MN is $960, which is 17% below the national average of $1,163/month.
What is the unemployment rate in New London?
The unemployment rate in New London, MN is 0.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New London, MN a good place to live?
New London offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,156 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is New London, MN?
36.9% of residents in New London aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New London?
Key cost-of-living indicators for New London, MN: median home value is $209,300 (15% below national), median rent is $960/month, and median household income is $66,830. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New London?
The poverty rate in New London, MN is 8.0%, 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, MN?
New London's population is 3.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.3% Asian, and 0.0% two or more races. 4.9% of residents are foreign-born.