Lake of the Woods, IN vs Williamsport, IN

There is a significant gap in the cost of living between these two cities. Williamsport is 18.7% cheaper than Lake of the Woods. With a cost index of 67 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Williamsport to Lake of the Woods should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake of the Woods is $1,020/month compared to $783/month in Williamsport — a 30% difference. Home values follow the same pattern: Williamsport is more affordable at $132,500 median vs $189,600.

Median household income in Lake of the Woods is $64,375 compared to $56,875 in Williamsport (+13.2%). The higher salaries in Lake of the Woods partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lake of the Woods spend roughly 19% of their income on rent, more than the 16.5% in Williamsport.