New Richmond, WI vs Waterloo, WI

Waterloo is moderately more affordable than New Richmond, with a 12.2% lower cost of living index. New Richmond scores 91 compared to 81 for Waterloo, where the US average is 100. This difference means residents of New Richmond can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Richmond is $1,070/month compared to $974/month in Waterloo — a 10% difference. Home values follow the same pattern: Waterloo is more affordable at $219,100 median vs $269,000.

Median household income in New Richmond is $87,500 compared to $78,103 in Waterloo (+12%). The higher salaries in New Richmond partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of New Richmond spend roughly 14.7% of their income on rent, less than the 15% in Waterloo.