Milford, NJ vs Oakhurst, NJ

The cost of living difference between Milford, NJ and Oakhurst, NJ is dramatic. Milford is 43.1% cheaper than Oakhurst, a gap that translates to thousands of dollars per year in household expenses. Milford has a cost index of 109 while Oakhurst sits at 192, 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 Milford is $1,476/month compared to $3,279/month in Oakhurst — a 55% difference. Home values follow the same pattern: Milford is more affordable at $304,100 median vs $644,400.

Median household income in Milford is $88,295 compared to $142,727 in Oakhurst (-38.1%). The higher salaries in Oakhurst partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Milford spend roughly 20.1% of their income on rent, less than the 27.6% in Oakhurst.