Cost of Living in New milford, CT
Housing
The housing market plays a significant role in determining the cost of living in New milford, CT.
- Housing Index: 110.0 / 100
- Median Home Price is: $406000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
In analyzing the housing data for New milford, CT, the current housing index stands at 110.0, suggesting that it is slightly above the national average. With a median home price of 406000, buying a home here might pose a challenge for some. The average rent for a 2BR apartment is 2200, while a 2BR house averages 2240. These rental prices indicate a competitive market. Consider local economic trends and job growth when deciding, as a balanced view will better inform your potential move to New milford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New milford, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in New milford, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if New milford is a financially viable option for your relocation.