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Naval Submarine Base New London

Cost of Living

The cost-of-living adjustment (COLA) will begin in January of 2025. LINK: https://www.ssa.gov/cola/

Cost of Living Indexes

Overall Index shows we are above the national average.

Groton:

  • Overall: 113.0
  • Grocery: 105.7
  • Health: 112.3
  • Housing: 105.1
  • Utilities: 112.7

New London:

  • Overall: 111.0
  • Grocery: 103.9
  • Health: 112.3
  • Housing: 74.0
  • Utilities: 114.0

Connecticut:

  • Overall: 117.8
  • Grocery: 106.6
  • Health: 118.6
  • Housing: 109.2
  • Utilities: 118.5

U.S. National Average:

  • Overall: 100
  • Grocery: 100
  • Health: 100
  • Housing: 100
  • Utilities: 100

An amount below 100 means Connecticut is cheaper than the U.S. average. A cost-of-living index above 100 means Connecticut, Connecticut is more expensive. Connecticut's cost of living is 117.8 above the national average.

The cost of living in the New London area, which encompasses Groton and New London, is above the national average, making it more expensive for those stationed at Naval Submarine Base New London.

Detailed overview: Overall Cost of Living: Above National Average: The cost of living in Connecticut, especially in the New London area, surpasses the national average.

  • Groton vs. New London: Groton's cost of living is slightly higher than that of New London, with a cost-of-living index of 113.0 compared to 111.0.
  • Groton Cost of Living Index: Groton's living costs are 15% higher than the national average.
  • New London Cost of Living Index: New London's living costs are 11% higher than the national average.

Housing Costs:

  • Groton Housing Costs: The median sales price of a home in Groton is approximately $251,000, or about $193 per square foot.
  • New London Housing Costs: Homes in New London are somewhat less expensive, with a median sales price of around $210,000, or about $154 per square foot.
  • Rental Costs: Rental prices in New London County range from $600 to over $2,000 per month, with most rental properties requiring the first month's rent as a deposit.
  • Apartment Rent: As of March 2025, the average apartment rent in New London is $1,487 for a studio, $1,701 for one bedroom, $1,766 for two bedrooms, and $1,979 for three bedrooms.
  • Pet Deposits: Many landlords also require an additional pet deposit.

Additional Links:

The living wage shown is the hourly rate that an individual in a household must earn to support themselves and/or their family, working full-time. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. Reflects on what amount is required to meet a families’ basic needs.

Working adult with no children:

  • Living Wage: $25.28
  • Minimum Wage: $16.35
  • Poverty Line: $7.52

Working adult with one child:

  • Living Wage: $50.45
  • Minimum Wage: $16.35
  • Poverty Line: $12.81

Working adult with two children:

  • Living Wage: $64.64
  • Minimum Wage: $16.35
  • Poverty Line: $12.81

Working adult with three children:

  • Living Wage: $77.18
  • Minimum Wage: $16.35
  • Poverty Line: $15.46

Two adults (one working) with no children:

  • Living Wage: $35.39
  • Minimum Wage: $16.35
  • Poverty Line: $10.17

Two adults (one working) with one child:

  • Living Wage: $43.53
  • Minimum Wage: $16.35
  • Poverty Line: $12.81

Two adults (one working) with two children:

  • Living Wage: $47.99
  • Minimum Wage: $16.35
  • Poverty Line: $15.46

Two adults (one working) with three children:

  • Living Wage: $54.65
  • Minimum Wage: $16.35
  • Poverty Line: $18.10

Two adults (both working) with no children:

  • Living Wage: $17.69
  • Minimum Wage: $16.35
  • Poverty Line: $5.08

Two adults (both working) with one child:

  • Living Wage: $27.74
  • Minimum Wage: $16.35
  • Poverty Line: $6.41

Two adults (both working) with two children:

  • Living Wage: $34.90
  • Minimum Wage: $16.35
  • Poverty Line: $7.73

Two adults (both working) with three children:

  • Living Wage: $40.42
  • Minimum Wage: $16.35
  • Poverty Line: $9.05

Link: https://installations.militaryonesource.mil/in-depth-overview/naval-submarine-base-new-london

Link: https://portal.ct.gov/ChooseCT/Regions/New-London

Link: https://profiles.ctdata.org/