Milford, NJ vs North Wildwood, NJ

Milford, NJ and North Wildwood, NJ have a very similar cost of living, with only a 0.6% difference in their overall index. Milford scores 109 while North Wildwood scores 108 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 Milford is $1,476/month compared to $1,228/month in North Wildwood — a 20% difference. Interestingly, home values tell a different story: while North Wildwood has cheaper rent, Milford actually has lower median home values ($304,100 vs $446,400).

Median household income in Milford is $88,295 compared to $85,812 in North Wildwood (+2.9%). While 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 Milford spend roughly 20.1% of their income on rent, more than the 17.2% in North Wildwood.