Much like other places in this area, it's a little less expensive compared to the entire country. However compared to the city of Wausau, it's a little more expensive.
Home prices
The median home price in Lake Tomahawk is $148,900. Compared to its nearby areas this is about $4,220 (2%) higher.It is roughly $68,600 (31%) lower in comparison to the nation as a whole, and compared to the city of Wausau it is approximately $27,000 (22%) higher.
Rents
In Lake Tomahawk the median monthly rent is $761. Compared to other places in this area it is approximately $96 (14%) higher.In comparison to the rest of the nation it is roughly $301 (28%) lower, and it is about $53 (7%) higher in comparison to the city of Wausau.
Nearby places
Minocqua
Minocqua is approximately 6 miles northwest from Lake Tomahawk. The real estate prices there are similar. The median home in Minocqua is valued at $142,500, which is $6,400 (4%) lower than Lake Tomahawk. Rent there is a little less expensive. Minocqua's median monthly rent is $650, which works out to $111 (17%) lower than Lake Tomahawk.
Woodruff
Woodruff is about 6 miles northwest from Lake Tomahawk. Housing prices there are similar. Woodruff's median home cost is $149,200, which is very similar to Lake Tomahawk. Rents there are a bit less expensive. Woodruff's median rent is $616 per month, which works out to $145 (23%) lower than Lake Tomahawk.
Sayner
Sayner is approximately 11 miles north from Lake Tomahawk. The real estate prices there are significantly more expensive. The value of the median home in Sayner is $225,000, which is $76,100 (33%) higher than Lake Tomahawk. Rents there are significantly less expensive. In Sayner the median monthly rent is $575, which comes out to $186 (32%) lower than Lake Tomahawk.
Rhinelander
Rhinelander is about 12 miles southeast of Lake Tomahawk. The housing prices there are a lot less expensive. The median home in Rhinelander costs $90,600, which works out to $58,300 (64%) lower than Lake Tomahawk. The rent there is fairly similar. The median monthly rent in Rhinelander is $799, which comes out to $38 (4%) higher than Lake Tomahawk.
Eagle River
Eagle River is roughly 15 miles northeast of Lake Tomahawk. Housing prices there are a bit less expensive. The median home in Eagle River costs $116,100, which works out to $32,800 (28%) lower than Lake Tomahawk. Rent there is somewhat less expensive. The median monthly rent in Eagle River is $684, which is $77 (11%) lower than Lake Tomahawk.
