Cost of Living in Eagle River, WI

With a cost of living index of 73, Eagle River, WI is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 7% below the Wisconsin state average of 79. Eagle River is a small community of 1,508 residents.

Housing costs are the biggest factor in Eagle River's cost of living. The median monthly rent is $862 (35% below the US median of $1,319), and the median home value sits at $165,100 (46% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Eagle River is $52,027, which is 31% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.