Fair Haven, NJ vs New Milford, NJ

The cost of living difference between Fair Haven, NJ and New Milford, NJ is dramatic. New Milford is 62.5% cheaper than Fair Haven, a gap that translates to thousands of dollars per year in household expenses. Fair Haven has a cost index of 223 while New Milford sits at 137, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Fair Haven is $3,500/month compared to $1,722/month in New Milford — a 103% difference. Home values follow the same pattern: New Milford is more affordable at $554,800 median vs $943,300.

Median household income in Fair Haven is $237,132 compared to $113,513 in New Milford (+108.9%). While Fair Haven is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fair Haven spend roughly 17.7% of their income on rent, less than the 18.2% in New Milford.