Algoma, WI vs Rice Lake, WI

Algoma is moderately more affordable than Rice Lake, with a 5.8% lower cost of living index. Algoma scores 69 compared to 73 for Rice Lake, where the US average is 100. This difference means residents of Rice Lake 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 $834/month in Rice Lake — a 3% difference. Home values follow the same pattern: Algoma is more affordable at $143,000 median vs $178,100.

Median household income in Algoma is $62,269 compared to $55,040 in Rice Lake (+13.1%). 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 18.2% in Rice Lake.