Oakfield, WI vs Waterloo, WI

Oakfield, WI and Waterloo, WI have a very similar cost of living, with only a 2.4% difference in their overall index. Oakfield scores 79 while Waterloo scores 81 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 Oakfield is $916/month compared to $974/month in Waterloo — a 6% difference. Interestingly, home values tell a different story: while Oakfield has cheaper rent, Waterloo actually has lower median home values ($219,100 vs $229,700).

Median household income in Oakfield is $100,417 compared to $78,103 in Waterloo (+28.6%). Oakfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Oakfield spend roughly 10.9% of their income on rent, less than the 15% in Waterloo.