Mount Pleasant, WI vs New Richmond, WI

Mount Pleasant, WI and New Richmond, WI have a very similar cost of living, with only a 4.3% difference in their overall index. Mount Pleasant scores 87 while New Richmond scores 91 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 Mount Pleasant is $1,045/month compared to $1,070/month in New Richmond — a 2% difference. Interestingly, home values tell a different story: while Mount Pleasant has cheaper rent, New Richmond actually has lower median home values ($269,000 vs $269,900).

Median household income in Mount Pleasant is $90,189 compared to $87,500 in New Richmond (+3.1%). Mount Pleasant offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mount Pleasant spend roughly 13.9% of their income on rent, less than the 14.7% in New Richmond.