Cost of Living in New London

The cost of living in New London, can vary widely depending on lifestyle choices and housing options. As of my knowledge cutoff in early 2023, housing prices in New London for 3 and 4 bedroom homes can range significantly. A 3-bedroom home may cost anywhere from $200,000 to $350,000, depending on the location, condition, and amenities of the property. For a 4-bedroom home, prices can be higher, typically ranging from $250,000 to $450,000 or more for homes in desirable neighborhoods or with more extensive features.

When it comes to renting an apartment, a 1-bedroom apartment in New London might cost between $900 and $1,400 per month, while a 2-bedroom apartment can range from $1,200 to $1,800 per month. Apartment purchases, on the other hand, can vary widely based on location, size, and condition, but you might expect to pay anywhere from $100,000 to $300,000 for a condo or apartment unit.

Dining out in New London can cater to a variety of budgets. A meal at an inexpensive restaurant might cost around $15 per person, while a three-course meal at a mid-range restaurant could be around $50 to $70 for two people. For utilities, including electricity, heating, cooling, water, and garbage, a standard monthly bill for an 85m² apartment might range from $150 to $250, depending on usage and the time of year.

Private school tuition in New London can be a significant expense for families. Preschool (or kindergarten) can range from $10,000 to $20,000 per year. Elementary schools might charge between $15,000 and $25,000 per year, while middle schools and high schools can cost even more, with tuition ranging from $20,000 to $30,000 or higher per year, depending on the institution's prestige and program offerings.