New London, IA

Full City Profile · Iowa · Henry County County

3.9 /5.0
B+ Good
2,402 Population 2,224/sq mi density
$65,815 Median Income $28,582 per capita
$118,900 Home Value $192,396 Zillow
$772 Median Rent 29.2% income on rent
50°F Avg Temperature
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$65,815 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$118,900 home value, $772/mo rent
C+
Education
2.7 / 5.0
21.8% bachelor's degree or higher

New London, IA

At a Glance

Median Income
$65,815
12% below
$28,582 per capita
Home Value
$118,900
58% below
Zillow: $192,396
Median Rent
$772/mo
34% below
29.2% of income on rent
Bachelor's Degree+
21.8%
35% below
93.8% high school+
Unemployment
2.8%
22% below
6.6% poverty rate
Obesity Rate
39.2%
22% above
17.1% smoking rate
Avg Temperature
50°F

How New London Compares to the U.S. Average

Each bar shows New London's value as a percentage of the national average (100% = U.S. avg)

Income
88%
Home Value
42%
Rent
66%
Poverty
53%
Bachelor's
65%
Unemployment
78%
Thin vertical line = U.S. national average (100%)

Is New London a Good Place to Live?

B+
3.9 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

New London residents earn a median household income of $65,815 , which is 12% below the national average of $75,149. Per capita income is $28,582. The unemployment rate stands at 2.8% (22% below the U.S. rate of 3.6%). 6.6% of residents live below the poverty line. The area is home to 638 business establishments, including 36 restaurants.

Housing & Cost of Living

The median home value in New London is $118,900 , 58% below the national median of $281,900. Zillow estimates the typical home at $192,396. Median rent is $772/month, with 29.2% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1960.

Education

21.8% of adults in New London hold a bachelor's degree or higher (35% below the national average). 93.8% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

New London has an average annual temperature of 50°F (10°C). Winters average 22°F in January while summers reach 74°F in July. Annual precipitation totals 38.4 inches.

Data Overview

People

Population2,402
Median Age35.4 yrs
Density2,224/mi²
Male / Female48% / 52%
Foreign Born0.7%
Veterans5.1%

Economy

A
Median Income$65,815
Per Capita$28,582
Unemployment2.8%
Poverty6.6%
County GDP$1,154M
Avg Weekly Wage$1,008

Housing

A+
Home Value$118,900
Rent$772
Ownership77.8%
Zillow$192,396
Housing Units929
Rent Burden29.2%

Health

Obesity39.2%
Diabetes9.9%
Smoking17.1%
Heart Disease5.6%
Premature Death6,888/100K

Climate

Avg Temp50°F
Rain38.4 in/yr
Elevation760 ft

Education

C+
Bachelor's+21.8%
High School+93.8%
Graduate+5.8%
School Score5.6/10

Community

2024 VoteR 67% / D 31%
Commute18 min
Broadband86.0%
Internet Speed53 Mbps
EV Stations3
Libraries5

Did You Know?

The median home in New London was built in 1960.
The nearest airport is Southeast Iowa Regional (17 miles).
The Gini coefficient (income inequality) is 0.396 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
12.0% of the population has a disability.
The county recorded 2 fatal vehicle crashes.