New London

Small town · Prince Edward Island · Population 1,521

Housing and jobs

Housing costs, rents, incomes and jobs in New London, with comparisons and sources.

51 · Average

Average monthly rent$1,000/month

PE: $996/month · Canada: $1,209/month · 2006: $266/month (estimated) · 2016: $498/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Median dwelling value (owner-estimated)$320,000

PE: $300,000 · Canada: $472,000 · 2016: $209,042 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing7.3%

PE: 15.5% · Canada: 20.9% · 2006: 7.6% (estimated) · 2016: 4.9% (estimated) · Statistics Canada, 2021

58 · Average

Median household income$88,000

PE: $73,500 · Canada: $84,000 · 2006: $65,833 (estimated) · 2016: $83,009 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)15.1%

PE: 8% · Canada: 5.2% · Statistics Canada, 2021

Unemployment rate11.7%

PE: 10.3% · Canada: 10.3% · 2006: 12.6% (estimated) · 2016: 15.2% (estimated) · Statistics Canada, 2021