Colby, WI vs Lake Ivanhoe, WI

Colby is moderately more affordable than Lake Ivanhoe, with a 13.1% lower cost of living index. Colby scores 69 compared to 79 for Lake Ivanhoe, where the US average is 100. This difference means residents of Lake Ivanhoe can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Colby is $821/month compared to $1,050/month in Lake Ivanhoe — a 22% difference. Home values follow the same pattern: Colby is more affordable at $147,900 median vs $171,000.

Median household income in Colby is $52,574 compared to $82,963 in Lake Ivanhoe (-36.6%). While Lake Ivanhoe is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colby spend roughly 18.7% of their income on rent, more than the 15.2% in Lake Ivanhoe.