Iron River, WI vs Spooner, WI

Iron River is moderately more affordable than Spooner, with a 5.4% lower cost of living index. Iron River scores 65 compared to 69 for Spooner, where the US average is 100. This difference means residents of Spooner can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Iron River is $653/month compared to $803/month in Spooner — a 19% difference. Interestingly, home values tell a different story: while Iron River has cheaper rent, Spooner actually has lower median home values ($141,800 vs $152,100).

Median household income in Iron River is $55,294 compared to $44,474 in Spooner (+24.3%). Iron River 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 21.7% in Spooner.