Colby, WI vs Waterford, WI

There is a significant gap in the cost of living between these two cities. Colby is 29.6% cheaper than Waterford. With a cost index of 69 vs 98, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Colby to Waterford should plan for substantially higher expenses across most categories.

On the housing front, median rent in Colby is $821/month compared to $1,278/month in Waterford — a 36% difference. Home values follow the same pattern: Colby is more affordable at $147,900 median vs $312,700.

Median household income in Colby is $52,574 compared to $80,380 in Waterford (-34.6%). While Waterford 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, less than the 19.1% in Waterford.