Delavan Lake, WI vs Iron Ridge, WI

Delavan Lake, WI and Iron Ridge, WI have a very similar cost of living, with only a 4.6% difference in their overall index. Delavan Lake scores 83 while Iron Ridge scores 87 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 Delavan Lake is $875/month compared to $1,257/month in Iron Ridge — a 30% difference. Interestingly, home values tell a different story: while Delavan Lake has cheaper rent, Iron Ridge actually has lower median home values ($199,600 vs $292,100).

Median household income in Delavan Lake is $71,042 compared to $74,609 in Iron Ridge (-4.8%). While Iron Ridge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Delavan Lake spend roughly 14.8% of their income on rent, less than the 20.2% in Iron Ridge.