Cost of Living in Woodman, WI

With a cost of living index of 71, Woodman, WI is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 8% below the Wisconsin state average of 79. Woodman is a small community of 222 residents.

Housing costs are the biggest factor in Woodman'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 $145,000 (52% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Woodman is $79,167, which is 5% higher than the national median of $75,149. Residents spend roughly 13% 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.