Cost of Living in New london, OH
Housing
The housing market plays a significant role in determining the cost of living in New london, OH.
- Housing Index: Data is updating
- Median Home Price is: $153,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to New london, OH, it's essential to note the housing index is currently at 0.0, indicating potential fluctuations in the market. The median home price stands at 153000, which suggests a relatively affordable entry into the housing market. However, both the average rent for a 2-bedroom apartment and a 2-bedroom house are reported at 0.0 and 0.0, respectively, which may warrant further investigation. As a benchmark, median home prices in many regions are rising, so timely consideration could benefit potential buyers or renters.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New london, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in New london, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if New london is a financially viable option for your relocation.