Elcho, WI vs Mole Lake, WI

Elcho, WI and Mole Lake, WI have a very similar cost of living, with only a 2.3% difference in their overall index. Elcho scores 57 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 Elcho is $625/month compared to $493/month in Mole Lake — a 27% difference. Interestingly, home values tell a different story: while Mole Lake has cheaper rent, Elcho actually has lower median home values ($68,300 vs $133,700).

Median household income in Elcho is $40,060 compared to $40,000 in Mole Lake (+0.2%). Elcho offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elcho spend roughly 18.7% of their income on rent, more than the 14.8% in Mole Lake.