Belmar, NJ vs New Milford, NJ

There is a significant gap in the cost of living between these two cities. New Milford is 15.4% cheaper than Belmar. With a cost index of 137 vs 158, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Milford to Belmar should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belmar is $1,832/month compared to $1,722/month in New Milford — a 6% difference. Home values follow the same pattern: New Milford is more affordable at $554,800 median vs $771,400.

Median household income in Belmar is $92,859 compared to $113,513 in New Milford (-18.2%). New Milford offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Belmar spend roughly 23.7% of their income on rent, more than the 18.2% in New Milford.