Cost of living in New Milford
New Milford, located in Connecticut, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in this city is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of various expenses, including dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $13 and $35.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $80, with prices ranging from $60 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.5, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.5 to $10, imported beer $8 to $12, cappuccino $3 to $6, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.82 and $1.74 per liter, averaging $1.32.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.76 and $8, with an average price of $4.23.
- Eggs (Dozen) - A dozen eggs range from $2.19 to $6.98, averaging $4.75.
- Fruits (e.g., Apples, Oranges) - Apples cost $2 to $6.59 per kg, while oranges range from $2 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.32 and $4.41 per kg, and lettuce costs $1.5 to $4.99 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $0.93 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $2.05 per km and $24 per hour of waiting.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for preschool is fixed at $2500 per month.
- International Primary School, Yearly for 1 Child - Yearly tuition for international primary school ranges from $15000 to $30000, averaging $22500.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $85 and $300, averaging $118.73.
- Internet - Internet services range from $50 to $75, with an average cost of $64.17.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
New Milford offers a moderate cost of living with reasonable prices for dining and groceries. Housing costs can vary significantly, especially for private education.
Transportation costs are manageable, with affordable gasoline prices and taxi fares. Utilities and internet services are competitively priced, making it easier to budget monthly expenses.
Conclusion
In conclusion, New Milford, CT, presents a balanced cost of living that caters to a variety of lifestyles. While some expenses like private education can be high, the overall affordability in dining, transportation, and utilities makes it an attractive option for families and individuals alike.
Potential residents should consider their personal needs and lifestyle preferences when evaluating the cost of living in New Milford to ensure it aligns with their financial goals.