Mount Arlington, NJ vs New Milford, NJ

Mount Arlington, NJ and New Milford, NJ have a very similar cost of living, with only a 3.3% difference in their overall index. Mount Arlington scores 142 while New Milford scores 137 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 Mount Arlington is $2,309/month compared to $1,722/month in New Milford — a 34% difference. Interestingly, home values tell a different story: while New Milford has cheaper rent, Mount Arlington actually has lower median home values ($393,400 vs $554,800).

Median household income in Mount Arlington is $99,511 compared to $113,513 in New Milford (-12.3%). New Milford offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mount Arlington spend roughly 27.8% of their income on rent, more than the 18.2% in New Milford.