Phillips, WI vs Prescott, WI

The cost of living difference between Phillips, WI and Prescott, WI is dramatic. Phillips is 34% cheaper than Prescott, a gap that translates to thousands of dollars per year in household expenses. Phillips has a cost index of 65 while Prescott sits at 99, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Phillips is $808/month compared to $1,284/month in Prescott — a 37% difference. Home values follow the same pattern: Phillips is more affordable at $93,000 median vs $282,100.

Median household income in Phillips is $46,250 compared to $82,730 in Prescott (-44.1%). While Prescott is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Phillips spend roughly 21% of their income on rent, more than the 18.6% in Prescott.