Gays Mills, WI vs Lake Tomahawk, WI

Gays Mills, WI and Lake Tomahawk, WI have a very similar cost of living, with only a 4.9% difference in their overall index. Gays Mills scores 69 while Lake Tomahawk scores 73 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 Gays Mills is $775/month compared to $789/month in Lake Tomahawk — a 2% difference. Home values follow the same pattern: Gays Mills is more affordable at $156,900 median vs $195,300.

Median household income in Gays Mills is $35,682 compared to $49,167 in Lake Tomahawk (-27.4%). While Lake Tomahawk is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gays Mills spend roughly 26.1% of their income on rent, more than the 19.3% in Lake Tomahawk.