New London, NC
Population 594 · North Carolina
About New London, NC
New London is a small community located in North Carolina with a population of 594 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,688 per year, which is 21% below the national median of $75,149. The median age of 38.2 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 $256,300, which is 5% above 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 $1,105, 5% below the national average of $1,163/month. Of the 253 total housing units, 69% are owner-occupied (148 units) and 31% are renter-occupied (66 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New London shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.2%, above the national average of 12.4%. Workers in New London have an average one-way commute time of 23.2 minutes.
Education & Demographics
29.0% 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 2.9% White, 0.2% Hispanic or Latino, 6.7% Black or African American, and 0.7% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in New London, NC
Compared to national averages, New London has a median household income of $59,688 (21% below the national median of $75,149). Home values average $256,300, which is 5% above the national median. Monthly rent at $1,105 is 5% below the US average of $1,163. Within North Carolina, New London's income is 7% below the state average of $64,468, and home values are 12% above the state median of $228,922.
Why Live in New London, NC?
New London offers rent that’s lower than the national average at $1,105/month, and a strong job market with an unemployment rate of just 2.2%, and short commute times averaging just 23.2 minutes.
Potential considerations include median household income ($59,688) 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 594 with a median age of 38.2 years. Compare New London with other cities to see how it stacks up, or explore all cities in North Carolina.
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Cities in North Carolina with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New London
What is the population of New London, NC?
The population of New London, NC is 594 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Carolina.
What is the median household income in New London?
The median household income in New London, NC is $59,688 per year, which is 21% below the national median of $75,149.
What is the median home value in New London?
The median home value in New London, NC is $256,300, which is 5% above 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, NC is $1,105, which is 5% below the national average of $1,163/month.
What is the unemployment rate in New London?
The unemployment rate in New London, NC is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New London, NC a good place to live?
New London offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 594 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is New London, NC?
29.0% 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, NC: median home value is $256,300 (5% above national), median rent is $1,105/month, and median household income is $59,688. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in New London?
The poverty rate in New London, NC is 14.2%, 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, NC?
New London's population is 2.9% White, 0.2% Hispanic or Latino, 6.7% Black or African American, 0.7% Asian, and 2.7% two or more races. 1.7% of residents are foreign-born.