Algoma, WI vs Elk Mound, WI

Algoma is moderately more affordable than Elk Mound, with a 6.7% lower cost of living index. Algoma scores 69 compared to 74 for Elk Mound, where the US average is 100. This difference means residents of Elk Mound can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Algoma is $812/month compared to $984/month in Elk Mound — a 18% difference. Interestingly, home values tell a different story: while Algoma has cheaper rent, Elk Mound actually has lower median home values ($142,500 vs $143,000).

Median household income in Algoma is $62,269 compared to $62,167 in Elk Mound (+0.2%). Algoma offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Algoma spend roughly 15.6% of their income on rent, less than the 19% in Elk Mound.