New London, NC

Full City Profile · North Carolina · Stanly County County

3.7 /5.0
B+ Good
594 Population 300/sq mi density
$59,688 Median Income $37,724 per capita
$256,300 Home Value $316,804 Zillow
$1,105 Median Rent 47.2% income on rent
60°F Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$59,688 median income, 2.2% unemployment
A
Affordability
4.3 / 5.0
$256,300 home value, $1,105/mo rent
B
Education
3.3 / 5.0
29.0% bachelor's degree or higher

New London, NC

At a Glance

Median Income
$59,688
21% below
$37,724 per capita
Home Value
$256,300
9% below
Zillow: $316,804
Median Rent
$1,105/mo
5% below
47.2% of income on rent
Bachelor's Degree+
29.0%
14% below
94.6% high school+
Unemployment
2.2%
39% below
19.7% poverty rate
Obesity Rate
35.4%
10% above
16.4% smoking rate
Avg Temperature
60°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
79%
Home Value
91%
Rent
95%
Poverty
159%
Bachelor's
86%
Unemployment
61%
Thin vertical line = U.S. national average (100%)

Is New London a Good Place to Live?

B+
3.7 / 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 $59,688 , which is 21% below the national average of $75,149. Per capita income is $37,724. The unemployment rate stands at 2.2% (39% below the U.S. rate of 3.6%). 19.7% of residents live below the poverty line. The area is home to 1,703 business establishments, including 130 restaurants.

Housing & Cost of Living

The median home value in New London is $256,300 , 9% below the national median of $281,900. Zillow estimates the typical home at $316,804. Median rent is $1,105/month, with 47.2% of renters spending more than 30% of income on housing. The cost of living index is 94.3 (100 = national average). The median home was built in 1967.

Education

29.0% of adults in New London hold a bachelor's degree or higher (14% below the national average). 94.6% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

New London has an average annual temperature of 60°F (16°C). Winters average 41°F in January while summers reach 79°F in July. Annual precipitation totals 48.3 inches.

Data Overview

People

Population594
Median Age38.2 yrs
Density300/mi²
Male / Female50% / 50%
Foreign Born1.7%
Veterans7.1%

Economy

B+
Median Income$59,688
Per Capita$37,724
Unemployment2.2%
Poverty19.7%
County GDP$2,785M
Avg Weekly Wage$860

Housing

A
Home Value$256,300
Rent$1,105
Ownership69.2%
Zillow$316,804
Housing Units271
Rent Burden47.2%

Health

Obesity35.4%
Diabetes10.0%
Smoking16.4%
Heart Disease5.8%
Premature Death10,233/100K

Climate

Avg Temp60°F
Rain48.3 in/yr
Elevation667 ft

Education

B
Bachelor's+29.0%
High School+94.6%
Graduate+6.2%
School Score5.6/10

Community

2024 VoteR 75% / D 24%
Commute23 min
Broadband90.7%
Internet Speed186 Mbps
EV Stations4
Libraries6

Did You Know?

The median home in New London was built in 1967.
The nearest airport is Mid-Carolina Regional (22 miles).
The Gini coefficient (income inequality) is 0.454 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
19.4% of the population has a disability.
Average internet download speed is 186 Mbps.
There are 130 restaurants in the area.
The county recorded 4 fatal vehicle crashes.