Black River Falls, WI vs New Richmond, WI

There is a significant gap in the cost of living between these two cities. Black River Falls is 26.2% cheaper than New Richmond. With a cost index of 67 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Black River Falls to New Richmond should plan for substantially higher expenses across most categories.

On the housing front, median rent in Black River Falls is $718/month compared to $1,070/month in New Richmond — a 33% difference. Home values follow the same pattern: Black River Falls is more affordable at $152,300 median vs $269,000.

Median household income in Black River Falls is $57,712 compared to $87,500 in New Richmond (-34%). 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 Black River Falls spend roughly 14.9% of their income on rent, more than the 14.7% in New Richmond.