Lake Mills, WI vs New Glarus, WI

New Glarus is moderately more affordable than Lake Mills, with a 5.2% lower cost of living index. Lake Mills scores 89 compared to 85 for New Glarus, where the US average is 100. This difference means residents of Lake Mills can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lake Mills is $1,095/month compared to $968/month in New Glarus — a 13% difference. Home values follow the same pattern: New Glarus is more affordable at $267,600 median vs $282,400.

Median household income in Lake Mills is $87,039 compared to $98,224 in New Glarus (-11.4%). New Glarus offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lake Mills spend roughly 15.1% of their income on rent, more than the 11.8% in New Glarus.