Cost of Living in New Milford, PA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.1
100 = national avg
-10.9 vs national average
Living Wage (1 Adult)
$39,217
per year
Living Wage (Family of 4)
$92,696
per year
Cost Index by Category
Housing96.7
Food89.2
Transportation78.3
Healthcare91.3
Utilities92.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$805
per month
2 Bedroom
$1,045
per month
The overall cost of living index in New Milford is 89.1, which is 10.9% below the national average. Housing costs are below the national average at an index of 96.7. A single adult needs to earn approximately $39,217 per year to cover basic expenses.