Leisure Village, NJ vs New Milford, NJ

There is a significant gap in the cost of living between these two cities. Leisure Village is 25.5% cheaper than New Milford. With a cost index of 102 vs 137, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Leisure Village to New Milford should plan for substantially higher expenses across most categories.

On the housing front, median rent in Leisure Village is $1,725/month compared to $1,722/month in New Milford — a 0% difference. Interestingly, home values tell a different story: while New Milford has cheaper rent, Leisure Village actually has lower median home values ($127,000 vs $554,800).

Median household income in Leisure Village is $42,705 compared to $113,513 in New Milford (-62.4%). 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 Leisure Village spend roughly 48.5% of their income on rent, more than the 18.2% in New Milford. The New Milford ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.