Gays Mills, WI vs Spencer, WI

There is a significant gap in the cost of living between these two cities. Spencer is 15.2% cheaper than Gays Mills. With a cost index of 60 vs 69, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Spencer to Gays Mills should plan for substantially higher expenses across most categories.

On the housing front, median rent in Gays Mills is $775/month compared to $550/month in Spencer — a 41% difference. Home values follow the same pattern: Spencer is more affordable at $143,000 median vs $156,900.

Median household income in Gays Mills is $35,682 compared to $74,245 in Spencer (-51.9%). Spencer offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gays Mills spend roughly 26.1% of their income on rent, more than the 8.9% in Spencer.