Carlstadt, NJ vs New Milford, NJ

Carlstadt is moderately more affordable than New Milford, with a 6.7% lower cost of living index. Carlstadt scores 128 compared to 137 for New Milford, where the US average is 100. This difference means residents of New Milford can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Carlstadt is $1,503/month compared to $1,722/month in New Milford — a 13% difference. Home values follow the same pattern: Carlstadt is more affordable at $523,800 median vs $554,800.

Median household income in Carlstadt is $94,854 compared to $113,513 in New Milford (-16.4%). While New Milford is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carlstadt spend roughly 19% of their income on rent, more than the 18.2% in New Milford.