Coloma, WI vs Lake Tomahawk, WI

Coloma is moderately more affordable than Lake Tomahawk, with a 6.6% lower cost of living index. Coloma scores 68 compared to 73 for Lake Tomahawk, where the US average is 100. This difference means residents of Lake Tomahawk can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Coloma is $847/month compared to $789/month in Lake Tomahawk — a 7% difference. Interestingly, home values tell a different story: while Lake Tomahawk has cheaper rent, Coloma actually has lower median home values ($115,200 vs $195,300).

Median household income in Coloma is $71,875 compared to $49,167 in Lake Tomahawk (+46.2%). Coloma offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Coloma spend roughly 14.1% of their income on rent, less than the 19.3% in Lake Tomahawk.