Deerfield, WI vs Lake Mills, WI

Deerfield, WI and Lake Mills, WI have a very similar cost of living, with only a 0.1% difference in their overall index. Deerfield scores 89 while Lake Mills scores 89 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 Deerfield is $1,043/month compared to $1,095/month in Lake Mills — a 5% difference. Interestingly, home values tell a different story: while Deerfield has cheaper rent, Lake Mills actually has lower median home values ($282,400 vs $292,500).

Median household income in Deerfield is $88,424 compared to $87,039 in Lake Mills (+1.6%). Deerfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Deerfield spend roughly 14.2% of their income on rent, less than the 15.1% in Lake Mills.