Mineral Point, WI vs Vernon, WI
There is a significant gap in the cost of living between these two cities. Mineral Point is 27.1% cheaper than Vernon. With a cost index of 74 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mineral Point to Vernon should plan for substantially higher expenses across most categories.
On the housing front, median rent in Mineral Point is $767/month compared to $1,159/month in Vernon — a 34% difference. Home values follow the same pattern: Mineral Point is more affordable at $213,000 median vs $412,600.
Median household income in Mineral Point is $78,958 compared to $121,401 in Vernon (-35%). While Vernon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mineral Point spend roughly 11.7% of their income on rent, more than the 11.5% in Vernon.
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