Cost of Living in New Milford, CT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
136.5
100 = national avg
+36.5 vs national average
Living Wage (1 Adult)
$60,044
per year
Living Wage (Family of 4)
$141,922
per year
Cost Index by Category
Housing169.6
Food112.0
Transportation124.1
Healthcare109.6
Utilities121.1
100 = national average. Higher = more expensive.
The overall cost of living index in New Milford is 136.5, which is 36.5% above the national average. Housing costs are above the national average at an index of 169.6. A single adult needs to earn approximately $60,044 per year to cover basic expenses.