New Richmond, WI vs Stevens Point, WI

There is a significant gap in the cost of living between these two cities. Stevens Point is 21.3% cheaper than New Richmond. With a cost index of 75 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Stevens Point to New Richmond should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Richmond is $1,070/month compared to $874/month in Stevens Point — a 22% difference. Home values follow the same pattern: Stevens Point is more affordable at $189,700 median vs $269,000.

Median household income in New Richmond is $87,500 compared to $56,218 in Stevens Point (+55.6%). While New Richmond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Richmond spend roughly 14.7% of their income on rent, less than the 18.7% in Stevens Point.