Elkhart Lake, WI vs Sherwood, WI

Elkhart Lake is moderately more affordable than Sherwood, with a 8% lower cost of living index. Elkhart Lake scores 89 compared to 97 for Sherwood, where the US average is 100. This difference means residents of Sherwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elkhart Lake is $1,121/month compared to $1,208/month in Sherwood — a 7% difference. Home values follow the same pattern: Elkhart Lake is more affordable at $285,200 median vs $335,100.

Median household income in Elkhart Lake is $86,071 compared to $114,205 in Sherwood (-24.6%). 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 Elkhart Lake spend roughly 15.6% of their income on rent, more than the 12.7% in Sherwood.