Elkhorn, WI vs Waterloo, WI

Elkhorn, WI and Waterloo, WI have a very similar cost of living, with only a 3.8% difference in their overall index. Elkhorn scores 84 while Waterloo scores 81 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 Elkhorn is $999/month compared to $974/month in Waterloo — a 3% difference. Home values follow the same pattern: Waterloo is more affordable at $219,100 median vs $255,300.

Median household income in Elkhorn is $73,052 compared to $78,103 in Waterloo (-6.5%). Waterloo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elkhorn spend roughly 16.4% of their income on rent, more than the 15% in Waterloo.