Conway, PA vs New Milford, PA

Conway, PA and New Milford, PA have a very similar cost of living, with only a 2.6% difference in their overall index. Conway scores 73 while New Milford scores 75 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Conway is $843/month compared to $938/month in New Milford — a 10% difference. Interestingly, home values tell a different story: while Conway has cheaper rent, New Milford actually has lower median home values ($162,500 vs $176,600).

Median household income in Conway is $63,307 compared to $51,250 in New Milford (+23.5%). Conway offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Conway spend roughly 16% of their income on rent, less than the 22% in New Milford.