New Milford, CT, shows a higher cost of living compared to the nationwide average. The cost of living index for New Milford stands at 114, which is 14% higher than the national average of 100. This increase is largely due to the housing index, which is 35% higher than the national average.
Other categories like groceries, utilities, and healthcare also exceed the national average, but transportation and miscellaneous costs are relatively close to the national average. Job seekers should consider these factors when planning their relocation to New Milford.
New Milford, CT, presents a cost of living that is notably higher than the nationwide average. Housing costs in New Milford stand at 135, which is 35% above the national average. This means that housing expenses in New Milford are significantly more expensive compared to the rest of the country. For job seekers considering New Milford, this higher housing index could be a critical factor in their budget planning.
In addition to housing, other living expenses in New Milford also exceed the national average. Groceries cost 107, which is 7% higher than the average. Utilities are at 110, reflecting a 10% increase. Healthcare costs are also elevated, with an index of 120, meaning they are 20% higher than the national average. While transportation costs are slightly lower, at 98, they are only 2% below the average. Overall, New Milford's cost of living is around 25% higher than the national average, making it essential for potential residents to consider these factors in their relocation decisions.
