What is a pro or con of living in Monterey Park, Californiacompared to New Milford, New Jersey?

Median Home Cost is 66% more expensive in Monterey Park.

What salary do I need to live in Monterey Park, California copmared to New Milford, New Jersey?

A salary of $37,400 in New Milford, New Jersey should increase to $45,380 in Monterey Park, California (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

NEW MILFORD vs. MONTEREY PARK
Cost of Living Comparison

New Milford, New Jersey vs. Monterey Park, California

Cost of Living Comparison

The cost of living in Monterey Park, California is 21.3% more expensive than New Milford, New Jersey.

You would need a salary of $45,380 in Monterey Park, California to maintain the standard of living you have in New Milford, New Jersey.

Comparison highlights

• Overall, Monterey Park, California is more expensive than New Milford, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
66% more expensive in Monterey Park
than in New Milford, New Jersey

New Milford, NJ vs. Monterey Park, CA

Compared to New Milford, Monterey Park is:

Homeowner

No Child Care, Taxes not Considered

21.3% higher

Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Renter

No Child Care, Taxes not Considered

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Child Care, Taxes not Considered

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Child Care, Taxes Considered

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No Child Care, Taxes Considered

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Food

3.1% lower

Housing (Homeowner)

62.1% higher

Housing (Rent)

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Median Home Cost

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Utilities

13.0% lower

Commute

11.8% higher

Health

11.4% lower

Taxes

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Childcare

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Personal

10.1% lower

Cost of Food

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New Milford, New Jersey vs. Monterey Park, California

Cost of Living Comparison

Comparison highlights

New Milford, NJ vs. Monterey Park, CA

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