Pros and Cons of Living In New London, Connecticut. Is New London, CT a Nice Place To Live or Retire?

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New London, Connecticut

Moving to New London In Connecticut ? Is New London, CT a Nice Place To Live? Pros and Cons of Living in New London, Connecticut. Find out the best and worst about to live, raise a family or retire in New London.

DEMOGRAPHICS

Population
27001
Unemployment
7.4%
57% NAT AVG.
Poverty
23.9%
71% NAT AVG.
Cost Of Living
111
11% NAT AVG.

ECONOMICS

Median Home Cost
$186900
19% NAT AVG.
Median Income
$47424
30% NAT AVG.
Median Rent
$1034
11% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
567
10% NAT. AVG.
21% STATE AVG.
Violent Crime
67
36% NAT. AVG.
38% STATE AVG.
Property Crime
500
5% NAT. AVG.
19% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 14
People Earning < $10,000
1 in 12
People Earning < $50,000
52.2%
People With Any Degree
1 in 2.9

ETHNICITY

Ethnicity New London USA
White 46.2% 60.1%
African American 12.7% 12.2%
American Indian 0% 0.6%
Asian 2.4% 5.6%
Hawaiian 0% 0.2%
Multiracial 4.8% 2.8%
Hispanic 33.5% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME New London USA
Less than $10,000 8.3% 5.8%
$10,000 to $14,999 7.6% 4.1%
$15,000 to $24,999 12% 8.5%
$25,000 to $34,999 9.7% 8.6%
$35,000 to $49,999 14.6% 12.0%
$50,000 to $74,999 15.6% 17.2%
$75,000 to $99,999 12.9% 12.8%
$100,000 to $149,999 12.3% 15.6%
$150,000 to $199,999 3.7% 7.1%

EDUCATION

Education New London USA
< 9th Grade 6% 5.0%
9-12th Grade 8% 7.0%
High School or GED 29% 27.0%
Other College 22% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 16% 20.0%
Master's Degree 8% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 2% 1.0%
New London is a city in Connecticut state in USA with a population of 27001 residents.. The poverty rate of New London is 23.9%, which is 71% higher than national average. The typical household in New London earns $47424 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 12 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 52.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of New London remained 7.4%, which is 57% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.

Cost of living in New London is 111, which is 11% higher than national average. In New London, only 28% of adults have a bachelor's degree and 29% have some college but no degree. Median home value in New London is $186900 , which is 19% lower than national average. While median income in New London remained $47424, which is 30% lower than national average.
New London Scorecard

Jobs50%

Housing80%

Affordability40%

Safety60%

Amenities95%

Diversity95%

Education70%

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