Milford, NJ vs South Toms River, NJ

Milford is moderately more affordable than South Toms River, with a 11.1% lower cost of living index. Milford scores 109 compared to 123 for South Toms River, where the US average is 100. This difference means residents of South Toms River can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Milford is $1,476/month compared to $2,019/month in South Toms River — a 27% difference. Interestingly, home values tell a different story: while Milford has cheaper rent, South Toms River actually has lower median home values ($269,200 vs $304,100).

Median household income in Milford is $88,295 compared to $101,466 in South Toms River (-13%). While South Toms River 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, less than the 23.9% in South Toms River.