Alpena, AR vs Waldo, AR

Waldo is moderately more affordable than Alpena, with a 7.2% lower cost of living index. Alpena scores 63 compared to 58 for Waldo, where the US average is 100. This difference means residents of Alpena can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Alpena is $765/month compared to $657/month in Waldo — a 16% difference. Home values follow the same pattern: Waldo is more affordable at $91,000 median vs $102,500.

Median household income in Alpena is $47,500 compared to $43,958 in Waldo (+8.1%). While Alpena is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alpena spend roughly 19.3% of their income on rent, more than the 17.9% in Waldo.