New Milford, CT vs Storrs, CT

New Milford, CT and Storrs, CT have a very similar cost of living, with only a 3.7% difference in their overall index. New Milford scores 105 while Storrs scores 109 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 $1,612/month in Storrs — a 12% difference. Interestingly, home values tell a different story: while New Milford has cheaper rent, Storrs actually has lower median home values ($304,600 vs $326,200).

Median household income in New Milford is $81,170 compared to $33,125 in Storrs (+145%). 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 New Milford spend roughly 21% of their income on rent, less than the 58.4% in Storrs. The New Milford ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.