Grafton, WI vs Prescott, WI

Grafton is moderately more affordable than Prescott, with a 5.2% lower cost of living index. Grafton scores 93 compared to 99 for Prescott, where the US average is 100. This difference means residents of Prescott can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Grafton is $1,162/month compared to $1,284/month in Prescott — a 10% difference. Interestingly, home values tell a different story: while Grafton has cheaper rent, Prescott actually has lower median home values ($282,100 vs $301,300).

Median household income in Grafton is $88,634 compared to $82,730 in Prescott (+7.1%). Grafton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Grafton spend roughly 15.7% of their income on rent, less than the 18.6% in Prescott.