Cost of Living in Ephraim, WI

With a cost of living index of 100, Ephraim, WI is right around the national average in cost. Living here is 0% more expensive than the national average and 21% above the Wisconsin state average of 79. Ephraim is a small community of 352 residents.

Housing costs are the biggest factor in Ephraim's cost of living. The median monthly rent is $958 (27% below the US median of $1,319), and the median home value sits at $469,100 (54% above the national median of $304,900). At current prices, the median home costs roughly 5.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Ephraim is $79,479, which is 6% higher 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.