New Milford, IL vs Wadsworth, IL

The cost of living difference between New Milford, IL and Wadsworth, IL is dramatic. New Milford is 34.2% cheaper than Wadsworth, a gap that translates to thousands of dollars per year in household expenses. New Milford has a cost index of 65 while Wadsworth sits at 99, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in New Milford is $750/month compared to $1,052/month in Wadsworth — a 29% difference. Home values follow the same pattern: New Milford is more affordable at $130,200 median vs $377,900.

Median household income in New Milford is $73,125 compared to $121,583 in Wadsworth (-39.9%). While Wadsworth 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 10.4% in Wadsworth.

Climate-wise, both cities share similar average temperatures (49.4°F vs 48.3°F). New Milford receives more rainfall at 37.2" per year compared to 35.3" in Wadsworth.