Fredonia, WI vs Lake Mills, WI

Fredonia, WI and Lake Mills, WI have a very similar cost of living, with only a 4.2% difference in their overall index. Fredonia scores 86 while Lake Mills scores 89 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 Fredonia is $1,009/month compared to $1,095/month in Lake Mills — a 8% difference. Home values follow the same pattern: Fredonia is more affordable at $261,400 median vs $282,400.

Median household income in Fredonia is $86,442 compared to $87,039 in Lake Mills (-0.7%). Lake Mills does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Fredonia spend roughly 14% of their income on rent, less than the 15.1% in Lake Mills.