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New London, PE
Full City Profile · Prince Edward Island
New London, PE
At a Glance
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)
Is New London a Good Place to Live?
Economy & Jobs
New London residents earn a median household income of $88,000 , which is 17% above the national average of $75,149. Per capita income is $58,900. The unemployment rate stands at 12.3% (242% above the U.S. rate of 3.6%). 8.2% of residents live below the poverty line. The area is home to 47 business establishments.
Housing & Cost of Living
The median home value in New London is $320,000 , 14% above the national median of $281,900. Median rent is $900/month, with 8.1% of renters spending more than 30% of income on housing.
Education
14.6% of adults in New London hold a bachelor's degree or higher (57% below the national average). 23.1% have completed high school.
Climate & Weather
New London has an average annual temperature of 42°F (5°C). Winters average 18°F in January while summers reach 65°F in July. The area gets 260 sunny days per year. Annual precipitation totals 41.6 inches.