Cost of Living in Iron Ridge, WI

With a cost of living index of 87, Iron Ridge, WI is a very affordable place to live. Living here is 13% cheaper than the national average and 8% above the Wisconsin state average of 79. Iron Ridge is a small community of 931 residents.

Housing costs are the biggest factor in Iron Ridge's cost of living. The median monthly rent is $1,257 (5% below the US median of $1,319), and the median home value sits at $199,600 (35% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Iron Ridge is $74,609, which is 1% 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.

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.