Algoma, WI vs Monona, WI

The cost of living difference between Algoma, WI and Monona, WI is dramatic. Algoma is 32.9% cheaper than Monona, a gap that translates to thousands of dollars per year in household expenses. Algoma has a cost index of 69 while Monona sits at 102, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Algoma is $812/month compared to $1,207/month in Monona — a 33% difference. Home values follow the same pattern: Algoma is more affordable at $143,000 median vs $390,400.

Median household income in Algoma is $62,269 compared to $87,784 in Monona (-29.1%). The higher salaries in Monona partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Algoma spend roughly 15.6% of their income on rent, less than the 16.5% in Monona.