Cost of Living in Coloma, WI

With a cost of living index of 68, Coloma, WI is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 11% below the Wisconsin state average of 79. Coloma is a small community of 564 residents.

Housing costs are the biggest factor in Coloma's cost of living. The median monthly rent is $847 (36% below the US median of $1,319), and the median home value sits at $115,200 (62% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Coloma is $71,875, which is 4% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.