Caledonia, WI vs New Richmond, WI

Caledonia, WI and New Richmond, WI have a very similar cost of living, with only a 2.2% difference in their overall index. Caledonia scores 89 while New Richmond scores 91 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 Caledonia is $1,080/month compared to $1,070/month in New Richmond — a 1% difference. Home values follow the same pattern: New Richmond is more affordable at $269,000 median vs $279,400.

Median household income in Caledonia is $91,053 compared to $87,500 in New Richmond (+4.1%). Caledonia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Caledonia spend roughly 14.2% of their income on rent, less than the 14.7% in New Richmond.