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Rhinelander, WI vs Watertown, WI

68
Rhinelander
Wisconsin
VS
-17.7%
82
Watertown
Wisconsin

There is a significant gap in the cost of living between these two cities. Rhinelander is 17.7% cheaper than Watertown. With a cost index of 68 vs 82, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Rhinelander to Watertown should plan for substantially higher expenses across most categories.

On the housing front, median rent in Rhinelander is $818/month compared to $1,061/month in Watertown — a 23% difference. Home values follow the same pattern: Rhinelander is more affordable at $123,300 median vs $211,500.

Median household income in Rhinelander is $53,561 compared to $68,333 in Watertown (-21.6%). While Watertown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Rhinelander spend roughly 18.3% of their income on rent, less than the 18.6% in Watertown.

Income & Cost

Cost of Living Index
Rhinelander
68
18% cheaper
Watertown
82
Median Household Income
Rhinelander
$53,561
Watertown
$68,333
22% higher

Housing

Median Rent
Rhinelander
$818
23% cheaper
Watertown
$1,061
Median Home Value
Rhinelander
$123,300
42% cheaper
Watertown
$211,500
Population
Rhinelander
8,248
Watertown
22,873

Salary Equivalency Calculator

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