Barron, WI vs New Richmond, WI

There is a significant gap in the cost of living between these two cities. Barron is 22.2% cheaper than New Richmond. With a cost index of 71 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Barron to New Richmond should plan for substantially higher expenses across most categories.

On the housing front, median rent in Barron is $927/month compared to $1,070/month in New Richmond — a 13% difference. Home values follow the same pattern: Barron is more affordable at $119,500 median vs $269,000.

Median household income in Barron is $49,715 compared to $87,500 in New Richmond (-43.2%). While New Richmond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Barron spend roughly 22.4% of their income on rent, more than the 14.7% in New Richmond.