Menomonee Falls, WI vs Salem Lakes, WI

Salem Lakes is moderately more affordable than Menomonee Falls, with a 7.6% lower cost of living index. Menomonee Falls scores 100 compared to 93 for Salem Lakes, where the US average is 100. This difference means residents of Menomonee Falls can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Menomonee Falls is $1,257/month compared to $1,132/month in Salem Lakes — a 11% difference. Home values follow the same pattern: Salem Lakes is more affordable at $281,500 median vs $341,600.

Median household income in Menomonee Falls is $98,460 compared to $94,554 in Salem Lakes (+4.1%). The higher salaries in Menomonee Falls partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Menomonee Falls spend roughly 15.3% of their income on rent, more than the 14.4% in Salem Lakes.