Cost of Living & Housing in New London
New London's cost of living centers on genuinely elevated home prices, paired with New Hampshire's real, defining tax tradeoff: no broad-based income tax and no general sales tax, alongside a statewide property tax burden among the nation's highest.
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Learn moreA genuinely elevated median home price
New London's own median home price ran approximately $615,000 as of 2026 sources -- well above both the national median (roughly $355,000-$375,000) and New Hampshire's own already-elevated statewide figure (roughly $523,000-$533,000), reflecting real second-home and retirement demand near Mount Kearsarge and New London's own lakes (base record).
New Hampshire's real property tax burden, and a New London-specific gap
New Hampshire's statewide effective property tax rate runs approximately 1.93%, among the highest in the nation -- a confirmed, New London-specific mill rate distinct from that statewide figure was not found with confidence this pass, so confirm the town's current rate directly with the Town of New London (base record).
No state income tax, no general sales tax
New Hampshire has no broad-based tax on wages or salaries and no general sales tax, though a real, current 8.5% Meals & Rooms Tax applies to restaurant meals, lodging, and short-term rentals (base record).
Favorable homeowners insurance, scaled to home value
New Hampshire's statewide homeowners-insurance premiums run genuinely favorable ($900-$1,611/year per 2026 sources), though New London's own elevated home values mean a specific policy's dollar premium can run higher than the statewide average implies, since coverage scales with home value (base record).
Key takeaways
- New London's median home price runs approximately $615,000 -- well above national and New Hampshire statewide figures.
- New Hampshire's statewide property tax rate runs approximately 1.93% -- confirm New London's specific mill rate directly.
- New Hampshire levies no broad-based income tax and no general sales tax, but does levy an 8.5% Meals & Rooms Tax.
- Homeowners insurance runs favorable statewide, though New London's elevated home values mean higher dollar premiums.
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