New London, IA Profile: Facts & Data

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New London, Iowa - Basic Facts

The City of New London had a population of 2,011 as of July 1, 2020. New London ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for New London is located at latitude 40.927 and longitude -91.3996 in Henry County. The formal boundaries for the City of New London encompass a land area of 1.01 sq. miles and a water area of 0 sq. miles. Henry County is in the Central time zone (GMT -6). The elevation is 768 feet.

The City of New London (GNIS ID: 2395204) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of New London is located within Township of New London, a minor civil division (MCD) of Henry County.

Alternate Unofficial Names for New London: Dover.

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New London, IA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,011 (100%)
Population in Households 1,978 (98.4%)
Population in Families 1,602 (79.7%)
Population in Group Quarters1 33 ( 1.6%)
Population Density 1,903
Diversity Index2 10
 
 

INCOME

Median Household Income $54,343
Average Household Income $64,531
% of Income for Mortgage4 8%
Per Capita Income $25,791
Wealth Index5 60
 

HOUSING

Total HU (Housing Units) 864 (100%)
Owner Occupied HU 630 (72.9%)
Renter Occupied HU 183 (21.2%)
Vacant Housing Units 50 ( 5.8%)
Median Home Value $98,372
Average Home Value $128,736
Housing Affordability Index3 275
 

HOUSEHOLDS

Total Households 814
Average Household Size 2.43
Family Households 552
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.57% 0.12%
Households 0.56% 0.12%
Families 0.64% 0.07%
Median Household Income   0.84%
Per Capita Income   1.57%
Owner Occupied HU   0.19%

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New London, IA - Peer Comparisons by Rank and Percentile

The table below compares New London to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 169 83rd
Population Density # 31 97th
Median Household Income # 673 33rd
Housing Affordability Index # 644 64th
Per Capita Income # 846 16th
Diversity Index # 558 44th

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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