Cost of Living in Gays Mills, WI

With a cost of living index of 69, Gays Mills, WI is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 10% below the Wisconsin state average of 79. Gays Mills is a small community of 577 residents.

Housing costs are the biggest factor in Gays Mills's cost of living. The median monthly rent is $775 (41% below the US median of $1,319), and the median home value sits at $156,900 (49% below the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Gays Mills is $35,682, which is 53% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.