Housing costs in Racine?
A typical home costs
$156,300, which is 53.8% less expensive than the national average of
$338,100 and 36.0% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Racine costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and close to the state average of
$1,030.
Can I afford Racine?
To live comfortably in Racine, Wisconsin, a minimum annual income of
$29,880 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Racine?
Racine, Wisconsin has a cost of living index rating slightly lower than the national average at 97.4 due mostly to its relatively low housing costs making up 33% - far below the national average of 42%. Utility costs are also relatively low due to favorable climate conditions and cheaper sources of energy such as natural gas making it an ideal place for those looking for more affordable options while still maintaining access to city resources like cultural centers and educational opportunities. Transportation and healthcare each make up approximately 11 percent and grocery costs account for 10%, further contributing to overall lower living expenses when contrasted against many U.S cities.