Iron River, WI vs Rewey, WI

Iron River, WI and Rewey, WI have a very similar cost of living, with only a 2.4% difference in their overall index. Iron River scores 65 while Rewey 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 Iron River is $653/month compared to $675/month in Rewey — a 3% difference. Interestingly, home values tell a different story: while Iron River has cheaper rent, Rewey actually has lower median home values ($117,200 vs $152,100).

Median household income in Iron River is $55,294 compared to $56,875 in Rewey (-2.8%). Rewey offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Iron River spend roughly 14.2% of their income on rent, less than the 14.2% in Rewey.