New Milford, CT vs Old Hill, CT

The cost of living difference between New Milford, CT and Old Hill, CT is dramatic. New Milford is 57% cheaper than Old Hill, a gap that translates to thousands of dollars per year in household expenses. New Milford has a cost index of 105 while Old Hill sits at 244, 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 New Milford is $1,422/month compared to $3,501/month in Old Hill — a 59% difference. Home values follow the same pattern: New Milford is more affordable at $326,200 median vs $1,255,700.

Median household income in New Milford is $81,170 compared to $250,001 in Old Hill (-67.5%). While Old Hill is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Milford spend roughly 21% of their income on rent, more than the 16.8% in Old Hill.