Prescott, WI vs Spencer, WI

The cost of living difference between Prescott, WI and Spencer, WI is dramatic. Spencer is 63.8% cheaper than Prescott, a gap that translates to thousands of dollars per year in household expenses. Prescott has a cost index of 99 while Spencer sits at 60, 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 Prescott is $1,284/month compared to $550/month in Spencer — a 134% difference. Home values follow the same pattern: Spencer is more affordable at $143,000 median vs $282,100.

Median household income in Prescott is $82,730 compared to $74,245 in Spencer (+11.4%). Prescott does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Prescott spend roughly 18.6% of their income on rent, more than the 8.9% in Spencer.