Bristol, IN vs Lake of the Woods, IN

Bristol, IN and Lake of the Woods, IN have a very similar cost of living, with only a 3.1% difference in their overall index. Bristol scores 82 while Lake of the Woods scores 79 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 Bristol is $1,073/month compared to $1,020/month in Lake of the Woods — a 5% difference. Home values follow the same pattern: Lake of the Woods is more affordable at $189,600 median vs $202,900.

Median household income in Bristol is $81,656 compared to $64,375 in Lake of the Woods (+26.8%). While Bristol is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bristol spend roughly 15.8% of their income on rent, less than the 19% in Lake of the Woods.