Cost of living in New Milford, Connecticut

New Milford, Connecticut has about 8,188 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $331,900.

HUD's fair-market rent for a 2-bedroom in this town's area (Bridgeport-Stamford-Danbury, CT MSA) is $2,399 a month. That rate runs from October 2026 through September 2027.

In the Bridgeport-Stamford-Danbury, CT metro area, prices sit at 106.9 when the U.S. average is 100. That is a 2024 BEA index.

Connecticut taxes wages. A typical combined sales tax is 6.3% as of January 1, 2026. That mix is statewide, not New Milford's exact store tax.

In July 2026, a typical Connecticut home paid 24.16¢ per kilowatt-hour. That is a state average from EIA, not New Milford's bill.

EIA does not publish a Connecticut gasoline price. For the week of October 12, 2026, the New England (PADD 1A) all-grades price was $4.433 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $2,127.84 a year. Those miles are our standard, not a Census figure, and every town in Connecticut shares this price.

Among 139 places we list in Connecticut with a rent figure, 64 have higher typical rent than New Milford.