Greenwood, WI vs Tomahawk, WI

Greenwood, WI and Tomahawk, WI have a very similar cost of living, with only a 3% difference in their overall index. Greenwood scores 62 while Tomahawk scores 64 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 Greenwood is $655/month compared to $554/month in Tomahawk — a 18% difference. Interestingly, home values tell a different story: while Tomahawk has cheaper rent, Greenwood actually has lower median home values ($107,500 vs $168,200).

Median household income in Greenwood is $61,042 compared to $60,905 in Tomahawk (+0.2%). Greenwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Greenwood spend roughly 12.9% of their income on rent, more than the 10.9% in Tomahawk.