New London, CT — Demographics & Statistics
ZIP code 06320 serves a portion of New London, Connecticut, within New London County. This community is home to approximately 44,604 residents, with a median age of 45.7 years. The median household income of $88,658 sits above the national median of $67,521, while median home values of $461,021 are above the national average of $301,500. The area has a renter-majority housing profile, with 36% owner-occupied and 64% renter-occupied units. Cost of living in this part of New London is higher than the national baseline, with an index of 147 (100 = national average). With a college-education rate of 69% and an unemployment rate of 6.7%, 06320 reflects the economic character of New London County in Connecticut.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 44,604 | — |
| Population | Density (per sq mi) | 11,004 | — |
| Economics | Median Household Income | $88,658 | ↑ 31% vs nat'l avg |
| Economics | Median Home Value | $461,021 | ↑ 53% vs nat'l avg |
| Economics | Cost of Living Index | 147 | ↑ Higher than avg |
| Economics | Unemployment Rate | 6.7% | ↑ 72% vs nat'l avg |
| Economics | Below Poverty Line | 6.0% | ↓ 47% vs nat'l avg |
| Education | College Educated (25+) | 69% | ↑ 97% vs nat'l avg |
| Demographics | Median Age | 45.7 yrs | ↑ 19% vs nat'l avg |
| Housing | Owner-Occupied | 36% | — |
| Housing | Renter-Occupied | 64% | — |
| Housing | Total Housing Units | 22,748 | — |