Derby, CT vs New Milford, CT

Derby is moderately more affordable than New Milford, with a 5.7% lower cost of living index. Derby scores 99 compared to 105 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 Derby is $1,453/month compared to $1,422/month in New Milford — a 2% difference. Interestingly, home values tell a different story: while New Milford has cheaper rent, Derby actually has lower median home values ($242,300 vs $326,200).

Median household income in Derby is $76,263 compared to $81,170 in New Milford (-6%). 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 Derby spend roughly 22.9% of their income on rent, more than the 21% in New Milford.