Cost of Living in New Milford, NJ
Overall index: 141 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 159 | +59% | $1,205 |
| Transportation | 106 | +6% | $3.50 |
| Food | 152 | +52% | $623 |
| Utilities | 130 | +30% | $286 |
| Healthcare | 130 | +30% | $207 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in New Milford?
A single adult living comfortably in New Milford, NJ needs approximately $49,350 / year after taxes.
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Frequently Asked Questions
What is the cost of living in New Milford, NJ?
The overall cost of living in New Milford, NJ is 41% higher than the US national average (index: 141 where 100 = national average).
How much is rent in New Milford, NJ?
Average rent for a 1-bedroom apartment in New Milford, NJ is about $1,205/month.
Is New Milford, NJ expensive to live in?
Yes, New Milford, NJ is considered expensive (index above national average).
What salary do I need to live in New Milford, NJ?
A single adult needs roughly $49,350/year to cover basic living costs in New Milford, NJ.