What is the cost of living in New Milford, CT?
According to the most recent data on the cost of living, New Milford has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to Connecticut, New Milford has a cost of living index that's 1.0x higher than Connecticut's index of 116.
The standard of living in New Milford ranks as #36 most affordable out of the 55 places we measured in Connecticut. By definition, that implies New Milford ranks as the #19 most expensive place in the Constitution State.
For more reading on life in New Milford, check out:
New Milford Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in New Milford. Here is how it fares on each of the criteria:
The Services index in New Milford is 109.
The Groceries index in New Milford is 113.
The Health index in New Milford is 139.
The Housing index in New Milford is 106.
The Transportation index in New Milford is 113.
The Utilities index in New Milford is 108.
| Living Expense | New Milford | Connecticut | National Average |
|---|---|---|---|
| Overall | 118 | 116 | 100 |
| Services | 109 | 107 | 100 |
| Groceries | 113 | 111 | 100 |
| Health | 139 | 137 | 100 |
| Housing | 106 | 108 | 100 |
| Transportation | 113 | 110 | 100 |
| Utilities | 108 | 111 | 100 |
New Milford Cost Of Living Compared To Connecticut Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Connecticut, check out:
- Most Expensive Cities In Connecticut
- Most Affordable Cities In Connecticut
- Average Rent In Connecticut
Source: Cost-of-living index 2026, normalized to US average = 100
New Milford, CT Housing Cost Breakdown
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in New Milford is $460,615.
The Median Rent in New Milford is $1,483.
The Median Income in New Milford is $83,235.
The Home Value To Income in New Milford is 5.5x.
The Rent To Monthly Income in New Milford is 0.21x.
| Statistic | New Milford | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $460,615 | $436,407 | $332,700 |
| Median Rent | $1,483 | $1,488 | $1,413 |
| Median Income | $83,235 | $95,781 | $80,734 |
| Home Value To Income | 5.5x | 4.6x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.21x |
New Milford, CT Costs By Category
Detailed New Milford Services costs vs. Connecticut
| Item | New Milford | Connecticut |
|---|---|---|
| Shampoo | $1.47 | $1.28 |
| Movie | $15.07 | $12.13 |
| Bowling | $24.0 | $18 |
| Haircut | $39.78 | $24.26 |
| Beauty Salon | $69.0 | $45.56 |
Detailed New Milford Groceries costs vs. Connecticut
| Item | New Milford | Connecticut |
|---|---|---|
| Ground Beef | $6.28 | $5.84 |
| Fried Chicken | $1.59 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $13.21 | $12.09 |
| Beer | $10.53 | $10.41 |
| Toothpaste | $3.86 | $3.7 |
Detailed New Milford Health costs vs. Connecticut
| Item | New Milford | Connecticut |
|---|---|---|
| Optometrist | $134.7 | $125.68 |
| Doctor | $162.26 | $135.78 |
| Dentist | $136.03 | $113.29 |
Detailed New Milford Transportation costs vs. Connecticut
| Item | New Milford | Connecticut |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $63.33 | $59.92 |
Detailed New Milford Utilities costs vs. Connecticut
| Item | New Milford | Connecticut |
|---|---|---|
| All Electricity | $296.64 | $193.99 |
| Phone | $185.16 | $192.25 |
New Milford SnackAbility
Cost Of Living In Cities Around New Milford
The cost of living varies in the cities and towns around New Milford. Here's a quick look at the cost of living in the most populous nearby places:
Danbury, CT has a cost of living index of 126, 1.1x New Milford.
Bethel, CT has a cost of living index of 125, 1.1x New Milford.
Oakville, CT has a cost of living index of 113, 1.0x New Milford.
| City | Population | Cost Of Living | Vs. New Milford |
|---|---|---|---|
| Danbury, CT | 87,263 | 126 | 1.1x |
| Bethel, CT | 11,404 | 125 | 1.1x |
| Oakville, CT | 9,276 | 113 | 1.0x |
| Lake Carmel, NY | 7,854 | 124 | 1.1x |
