New London, CT
Discover how far your salary goes in New London. Compare taxes, rent, and living costs.
27,367
7.0%
$1,862
/month
+33%
above avg
How far would your salary go in New London?
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Rent Prices in New London
Studio
$1,490
/month
$17,880/year
1 Bedroom
$1,862
/month
$22,344/year
2 Bedroom
$2,514
/month
$30,168/year
3 Bedroom
$3,259
/month
$39,108/year
Taxes in Connecticut
State Income Tax
Connecticut
For a $100k salary, that's ~$6,990/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in New London, CT?▼
New London has a cost of living index of 159, which is 59% above the national average. A 1-bedroom apartment costs around $1,862/month.
What is the state income tax in Connecticut?▼
Connecticut has a state income tax rate of approximately 7.0%. This is in addition to federal income tax.
How much is rent in New London?▼
The median rent for a 1-bedroom apartment in New London is $1,862/month. For a 2-bedroom, expect to pay around $2,514/month. This is 33% above the national average.
Is New London a good place to live?▼
New London is a town with a population of 27,367. The cost of living is expensive, making it more expensive than average for the US.
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