Iola, WI vs Tomahawk, WI

Tomahawk is moderately more affordable than Iola, with a 6.3% lower cost of living index. Iola scores 68 compared to 64 for Tomahawk, where the US average is 100. This difference means residents of Iola can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Iola is $734/month compared to $554/month in Tomahawk — a 33% difference. Interestingly, home values tell a different story: while Tomahawk has cheaper rent, Iola actually has lower median home values ($150,200 vs $168,200).

Median household income in Iola is $49,688 compared to $60,905 in Tomahawk (-18.4%). Tomahawk offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Iola spend roughly 17.7% of their income on rent, more than the 10.9% in Tomahawk.