Elk Mound, WI vs Sherwood, WI

There is a significant gap in the cost of living between these two cities. Elk Mound is 24.1% cheaper than Sherwood. With a cost index of 74 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elk Mound to Sherwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elk Mound is $984/month compared to $1,208/month in Sherwood — a 19% difference. Home values follow the same pattern: Elk Mound is more affordable at $142,500 median vs $335,100.

Median household income in Elk Mound is $62,167 compared to $114,205 in Sherwood (-45.6%). While Sherwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elk Mound spend roughly 19% of their income on rent, more than the 12.7% in Sherwood.