New Milford, IL vs Tolono, IL

There is a significant gap in the cost of living between these two cities. New Milford is 17.9% cheaper than Tolono. With a cost index of 65 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Milford to Tolono should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Milford is $750/month compared to $1,002/month in Tolono — a 25% difference. Home values follow the same pattern: New Milford is more affordable at $130,200 median vs $207,200.

Median household income in New Milford is $73,125 compared to $79,333 in Tolono (-7.8%). Tolono 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 12.3% of their income on rent, less than the 15.2% in Tolono.

Climate-wise, Tolono is notably warmer with an average of 52.5°F compared to 49.4°F in New Milford. New Milford receives more rainfall at 37.2" per year compared to 37" in Tolono.