New Milford, CT vs Old Mystic, CT

New Milford is moderately more affordable than Old Mystic, with a 10.3% lower cost of living index. New Milford scores 105 compared to 117 for Old Mystic, where the US average is 100. This difference means residents of Old Mystic can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Milford is $1,422/month compared to $1,823/month in Old Mystic — a 22% difference. Interestingly, home values tell a different story: while New Milford has cheaper rent, Old Mystic actually has lower median home values ($324,600 vs $326,200).

Median household income in New Milford is $81,170 compared to $119,444 in Old Mystic (-32%). While Old Mystic 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 18.3% in Old Mystic.