Rice Lake, WI vs Somerset, WI

There is a significant gap in the cost of living between these two cities. Rice Lake is 21.6% cheaper than Somerset. With a cost index of 73 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Rice Lake to Somerset should plan for substantially higher expenses across most categories.

On the housing front, median rent in Rice Lake is $834/month compared to $1,127/month in Somerset — a 26% difference. Home values follow the same pattern: Rice Lake is more affordable at $178,100 median vs $271,200.

Median household income in Rice Lake is $55,040 compared to $76,176 in Somerset (-27.7%). While Somerset is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Rice Lake spend roughly 18.2% of their income on rent, more than the 17.8% in Somerset.