New London Lands On National Beach Town List

NEW LONDON, CT - New London landed on a list of "Gorgeous Beach Towns You Can Actually Afford To Live In" published by GOBankingRates. The city placed 14th out of 20 around the country.

Here's what GOBankingRates had to say about New London: "As the only Connecticut city on the list, New London earns its spot in part due to its extraordinarily low median list price. The cost of renting is actually a bit high relative to the average home price. The historic town was incorporated in 1646 and has been home to such notable citizens as Nathan Hale and Eugene O’Neill."

The website states that the city has a median listing price of $164,300 and a median rent of $1,337, coming in at 3.2% below the national average.

St. Petersburg, Fla., landed at the top spot on the list with New Bedford, Mass., in the two slot.