Park Falls, WI vs Waupaca, WI

Park Falls, WI and Waupaca, WI have a very similar cost of living, with only a 4.3% difference in their overall index. Park Falls scores 67 while Waupaca scores 70 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 Park Falls is $907/month compared to $748/month in Waupaca — a 21% difference. Interestingly, home values tell a different story: while Waupaca has cheaper rent, Park Falls actually has lower median home values ($81,900 vs $177,600).

Median household income in Park Falls is $47,240 compared to $52,586 in Waupaca (-10.2%). While Waupaca is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Park Falls spend roughly 23% of their income on rent, more than the 17.1% in Waupaca.