Lake Ivanhoe, WI vs New Glarus, WI

Lake Ivanhoe is moderately more affordable than New Glarus, with a 6.7% lower cost of living index. Lake Ivanhoe scores 79 compared to 85 for New Glarus, where the US average is 100. This difference means residents of New Glarus can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lake Ivanhoe is $1,050/month compared to $968/month in New Glarus — a 9% difference. Interestingly, home values tell a different story: while New Glarus has cheaper rent, Lake Ivanhoe actually has lower median home values ($171,000 vs $267,600).

Median household income in Lake Ivanhoe is $82,963 compared to $98,224 in New Glarus (-15.5%). While New Glarus is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lake Ivanhoe spend roughly 15.2% of their income on rent, more than the 11.8% in New Glarus.