Elmwood, WI vs Palmyra, WI

Elmwood, WI and Palmyra, WI have a very similar cost of living, with only a 3.3% difference in their overall index. Elmwood scores 74 while Palmyra scores 72 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 Elmwood is $804/month compared to $765/month in Palmyra — a 5% difference. Interestingly, home values tell a different story: while Palmyra has cheaper rent, Elmwood actually has lower median home values ($165,000 vs $194,200).

Median household income in Elmwood is $55,313 compared to $80,709 in Palmyra (-31.5%). Palmyra 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 11.4% in Palmyra.