Elmwood, WI vs Mount Hope, WI

Mount Hope is moderately more affordable than Elmwood, with a 14.1% lower cost of living index. Elmwood scores 74 compared to 65 for Mount Hope, where the US average is 100. This difference means residents of Elmwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elmwood is $804/month compared to $807/month in Mount Hope — a 0% difference. Interestingly, home values tell a different story: while Elmwood has cheaper rent, Mount Hope actually has lower median home values ($95,000 vs $165,000).

Median household income in Elmwood is $55,313 compared to $61,875 in Mount Hope (-10.6%). Mount Hope offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elmwood spend roughly 17.4% of their income on rent, more than the 15.7% in Mount Hope.