Alma, WI vs Colby, WI

Alma, WI and Colby, WI have a very similar cost of living, with only a 2.3% difference in their overall index. Alma scores 70 while Colby scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Alma is $763/month compared to $821/month in Colby — a 7% difference. Interestingly, home values tell a different story: while Alma has cheaper rent, Colby actually has lower median home values ($147,900 vs $174,500).

Median household income in Alma is $56,284 compared to $52,574 in Colby (+7.1%). While Alma is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alma spend roughly 16.3% of their income on rent, less than the 18.7% in Colby.