Housing costs in New Milford?
A typical home costs
$374,900, which is 10.9% more expensive than the national average of
$338,100 and 3.5% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in New Milford costs
$1,730 per month, which is 21.0% more than the national average of
$1,430 and 4.0% more than the state average of
$1,660.
Can I afford New Milford?
To live comfortably in New Milford, Connecticut, a minimum annual income of
$72,000 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about New Milford?
The cost of living in New Milford, CT is higher than the national average. Everyday essentials such as groceries, housing, and healthcare are all more expensive in the area. The median home price is around $310,000 with the median rent being $1,500 per month. Property taxes are also quite high. Despite the higher costs of living expenses, New Milford is an attractive place to live due to its convenient location and access to many amenities.