Elk Mound, WI vs Lake Sherwood, WI

There is a significant gap in the cost of living between these two cities. Elk Mound is 23.3% cheaper than Lake Sherwood. With a cost index of 74 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elk Mound to Lake Sherwood should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Elk Mound are $142,500 compared to $279,900 in Lake Sherwood, a 49% gap.

Median household income in Elk Mound is $62,167 compared to $88,073 in Lake Sherwood (-29.4%). While Lake Sherwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.