Alma, WI vs Park Falls, WI

Alma, WI and Park Falls, WI have a very similar cost of living, with only a 4.8% difference in their overall index. Alma scores 70 while Park Falls scores 67 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 $907/month in Park Falls — a 16% difference. Interestingly, home values tell a different story: while Alma has cheaper rent, Park Falls actually has lower median home values ($81,900 vs $174,500).

Median household income in Alma is $56,284 compared to $47,240 in Park Falls (+19.1%). 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 23% in Park Falls.