Milltown, WI vs Park Falls, WI

Milltown is moderately more affordable than Park Falls, with a 6.7% lower cost of living index. Milltown scores 63 compared to 67 for Park Falls, where the US average is 100. This difference means residents of Park Falls can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Milltown is $672/month compared to $907/month in Park Falls — a 26% difference. Interestingly, home values tell a different story: while Milltown has cheaper rent, Park Falls actually has lower median home values ($81,900 vs $114,200).

Median household income in Milltown is $37,500 compared to $47,240 in Park Falls (-20.6%). While Park Falls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milltown spend roughly 21.5% of their income on rent, less than the 23% in Park Falls.