Cost of Living in New Milford
Summary: If you are thinking about moving to New Milford, here is an overview of the cost of living there.
New Milford, is a charming town located in Litchfield County with a cost of living that reflects its New England setting. Housing prices in New Milford can vary widely depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home price in New Milford for a 3-bedroom home is roughly between $300,000 and $400,000, while a 4-bedroom home may range from $400,000 to $500,000 or more, depending on the amenities and exact location. These prices can fluctuate based on market conditions and specific neighborhood characteristics.
When it comes to apartment rentals, a 1-bedroom apartment in New Milford might cost between $1,200 and $1,500 per month, while a 2-bedroom apartment could range from $1,500 to $2,000 per month. Apartment purchases, on the other hand, can vary significantly based on the size, location, and condition of the unit. A condo or an apartment might start at around $150,000 and go up to $300,000 or more for a more luxurious or spacious option.
Dining out in New Milford offers a variety of options, from casual eateries to more upscale restaurants. A meal at an inexpensive restaurant might cost around $15 to $20 per person, while a three-course meal at a mid-range restaurant could be priced at about $50 to $70 per person, not including drinks, tax, or tip.
Utilities for a standard household in New Milford, including electricity, heating, cooling, water, and garbage, can average around $200 to $300 per month, depending on the size of the home and usage. However, this can vary with the seasons, as heating costs can rise in the winter months.
Private school tuition in New Milford can be a significant expense for families. Preschool costs can range from $10,000 to $20,000 per year, depending on the program's quality and duration. Elementary and middle school tuition fees can vary widely, but on average, they might be between $15,000 and $30,000 per year. High school tuition can be even higher, potentially reaching upwards of $30,000 to $40,000 annually for some of the more prestigious private institutions.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $300,000 - $400,000 |
| 4-Bedroom Home Purchase | $400,000 - $500,000+ |
| 1-Bedroom Apartment Rental | $1,200 - $1,500/month |
| 2-Bedroom Apartment Rental | $1,500 - $2,000/month |
| Apartment Purchase | $150,000 - $300,000+ |
| Inexpensive Restaurant Meal | $15 - $20/person |
| Mid-Range Restaurant 3-Course Meal | $50 - $70/person |
| Monthly Utilities | $200 - $300 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $15,000 - $30,000 |
| Private High School Tuition (Annual) | $30,000 - $40,000 |
About the Author
Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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