Cost of Living in Franks Field, WI

With a cost of living index of 61, Franks Field, WI is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 18% below the Wisconsin state average of 79. Franks Field is a small community of 131 residents.

Housing costs are the biggest factor in Franks Field's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $15,800 (95% below the national median of $304,900). At current prices, the median home costs roughly 0.6x the median household income — well within traditional affordability guidelines.

The median household income in Franks Field is $26,429, which is 65% lower than the national median of $75,149. Residents spend roughly 40% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.