Iron Ridge, WI vs Walworth, WI

Walworth is moderately more affordable than Iron Ridge, with a 5.3% lower cost of living index. Iron Ridge scores 87 compared to 83 for Walworth, where the US average is 100. This difference means residents of Iron Ridge can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Iron Ridge is $1,257/month compared to $965/month in Walworth — a 30% difference. Interestingly, home values tell a different story: while Walworth has cheaper rent, Iron Ridge actually has lower median home values ($199,600 vs $254,400).

Median household income in Iron Ridge is $74,609 compared to $64,125 in Walworth (+16.3%). While Iron Ridge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iron Ridge spend roughly 20.2% of their income on rent, more than the 18.1% in Walworth.