Chetek, WI vs Elmwood, WI

Chetek, WI and Elmwood, WI have a very similar cost of living, with only a 1% difference in their overall index. Chetek scores 74 while Elmwood scores 74 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 Chetek is $921/month compared to $804/month in Elmwood — a 15% difference. Interestingly, home values tell a different story: while Elmwood has cheaper rent, Chetek actually has lower median home values ($156,500 vs $165,000).

Median household income in Chetek is $59,554 compared to $55,313 in Elmwood (+7.7%). Chetek offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Chetek spend roughly 18.6% of their income on rent, more than the 17.4% in Elmwood.