Lake Tomahawk, WI vs New Auburn, WI

Lake Tomahawk, WI and New Auburn, WI have a very similar cost of living, with only a 4.3% difference in their overall index. Lake Tomahawk scores 73 while New Auburn scores 76 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 Lake Tomahawk is $789/month compared to $1,010/month in New Auburn — a 22% difference. Interestingly, home values tell a different story: while Lake Tomahawk has cheaper rent, New Auburn actually has lower median home values ($164,400 vs $195,300).

Median household income in Lake Tomahawk is $49,167 compared to $67,981 in New Auburn (-27.7%). While New Auburn 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 Tomahawk spend roughly 19.3% of their income on rent, more than the 17.8% in New Auburn.