Housing costs in Beloit?
A typical home costs
$155,800, which is 53.9% less expensive than the national average of
$338,100 and 36.2% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Beloit costs
$1,030 per month, which is 0.0% cheaper than the national average of
$1,030 and close to the state average of
$1,020.
Can I afford Beloit?
To live comfortably in Beloit (zip 53511), Wisconsin, a minimum annual income of
$29,880 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Beloit?
The cost of living in 53511 Beloit, WI is quite reasonable compared to other areas in the Midwest. According to BestPlaces.net, the overall cost of living index for this area is 87, which is 13% lower than the national average. Housing prices are also very affordable in Beloit, with an average home price of just over $110,000 and monthly rent averaging around $800-$1000 depending on size and location. Restaurants, groceries, transportation and utilities all come at a relatively low cost as well, making it easy to stretch your budget farther in this city than many other areas in the Midwest.