New Milford, CT vs Niantic, CT

New Milford, CT and Niantic, CT have a very similar cost of living, with only a 4.7% difference in their overall index. New Milford scores 105 while Niantic scores 110 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 New Milford is $1,422/month compared to $1,473/month in Niantic — a 4% difference. Home values follow the same pattern: New Milford is more affordable at $326,200 median vs $370,200.

Median household income in New Milford is $81,170 compared to $82,604 in Niantic (-1.7%). Niantic does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of New Milford spend roughly 21% of their income on rent, less than the 21.4% in Niantic.