Crandon, WI vs Mole Lake, WI

Crandon, WI and Mole Lake, WI have a very similar cost of living, with only a 4.8% difference in their overall index. Crandon scores 62 while Mole Lake scores 59 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 Crandon is $597/month compared to $493/month in Mole Lake — a 21% difference. Interestingly, home values tell a different story: while Mole Lake has cheaper rent, Crandon actually has lower median home values ($129,400 vs $133,700).

Median household income in Crandon is $50,729 compared to $40,000 in Mole Lake (+26.8%). While Crandon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Crandon spend roughly 14.1% of their income on rent, less than the 14.8% in Mole Lake.