New Milford, CT vs Oxoboxo River, CT

Oxoboxo River is moderately more affordable than New Milford, with a 13.3% lower cost of living index. New Milford scores 105 compared to 93 for Oxoboxo River, where the US average is 100. This difference means residents of New Milford 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 $1,272/month in Oxoboxo River — a 12% difference. Home values follow the same pattern: Oxoboxo River is more affordable at $231,100 median vs $326,200.

Median household income in New Milford is $81,170 compared to $78,415 in Oxoboxo River (+3.5%). New Milford 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, more than the 19.5% in Oxoboxo River.