Elmwood, WI vs Schofield, WI

Elmwood, WI and Schofield, WI have a very similar cost of living, with only a 3% difference in their overall index. Elmwood scores 74 while Schofield 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 $946/month in Schofield — a 15% difference. Interestingly, home values tell a different story: while Elmwood has cheaper rent, Schofield actually has lower median home values ($144,200 vs $165,000).

Median household income in Elmwood is $55,313 compared to $65,478 in Schofield (-15.5%). Schofield 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 17.3% in Schofield.