Cost of living in New Milford, CT

New Milford is a census-designated place in Litchfield County, CT. ACS 2024 5-year population is 8,188. Median gross rent is $1,483 (ACS 2024 5-year, this place). Median home value is $331,900. Median household income is $83,235. Insurance is the NAIC state average; food is a USDA plan — no town indexes.