River Falls, WI vs Waterford, WI

River Falls, WI and Waterford, WI have a very similar cost of living, with only a 4.9% difference in their overall index. River Falls scores 93 while Waterford scores 98 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 River Falls is $1,050/month compared to $1,278/month in Waterford — a 18% difference. Home values follow the same pattern: River Falls is more affordable at $299,800 median vs $312,700.

Median household income in River Falls is $78,078 compared to $80,380 in Waterford (-2.9%). The higher salaries in Waterford partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of River Falls spend roughly 16.1% of their income on rent, less than the 19.1% in Waterford.