Bohners Lake, WI vs Iron River, WI

The cost of living difference between Bohners Lake, WI and Iron River, WI is dramatic. Iron River is 36.3% cheaper than Bohners Lake, a gap that translates to thousands of dollars per year in household expenses. Bohners Lake has a cost index of 89 while Iron River sits at 65, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bohners Lake is $1,206/month compared to $653/month in Iron River — a 85% difference. Home values follow the same pattern: Iron River is more affordable at $152,100 median vs $231,100.

Median household income in Bohners Lake is $77,021 compared to $55,294 in Iron River (+39.3%). While Bohners Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bohners Lake spend roughly 18.8% of their income on rent, more than the 14.2% in Iron River.