Housing costs in Wisconsin?
A typical home costs
$244,100, which is 27.8% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Wisconsin costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and close to the state average of
$1,030.
Can I afford Wisconsin?
To live comfortably in Wisconsin, a minimum annual income of
$46,800 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Wisconsin?
The cost of living in Wisconsin State is generally considered to be affordable, especially in comparison to other states in the Midwest. According to the Council for Community and Economic Research, Wisconsin ranks 32nd out of all US states for the overall cost of living. Housing costs in particular are quite low, with rent prices being 6% lower than the national average and home prices being 12% lower than the national median value. Grocery and health care costs are also relatively low, with grocery prices being 5% lower than the national average and health care costs being 8% lower than other US states. In addition, other expenses such as utilities, transportation, and miscellaneous goods are also competitively priced when compared to other Midwestern states. Overall, Wisconsin provides an attractive cost of living that many people find beneficial for their lifestyle needs.