New Milford, IL vs Smithton, IL

There is a significant gap in the cost of living between these two cities. New Milford is 18.6% cheaper than Smithton. With a cost index of 65 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Milford to Smithton should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Milford is $750/month compared to $857/month in Smithton — a 13% difference. Home values follow the same pattern: New Milford is more affordable at $130,200 median vs $251,600.

Median household income in New Milford is $73,125 compared to $114,453 in Smithton (-36.1%). While Smithton 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 12.3% of their income on rent, more than the 9% in Smithton.

Climate-wise, Smithton is notably warmer with an average of 57.7°F compared to 49.4°F in New Milford. Smithton receives more rainfall at 43.4" per year compared to 37.2" in New Milford.