Housing costs in Racine?
A typical home costs
$223,200, which is 34.0% less expensive than the national average of
$338,100 and 8.6% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Racine costs
$1,040 per month, which is 1.0% more than the national average of
$1,030 and close to the state average of
$1,020.
Can I afford Racine?
To live comfortably in Racine (zip 53402), Wisconsin, a minimum annual income of
$42,840 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Racine?
The cost of living in 53402 Racine, WI is fairly reasonable when compared to the national average. The median household income for this area is approximately $39,389, and housing costs are relatively low at a median price of $138,100. Despite these lower prices, the area also offers higher wages than most other cities in Wisconsin. Additionally, utilities such as water and electricity tend to be more affordable due to the city's excellent energy efficiency rating. Groceries in the area also tend to be quite affordable as there are several big-box grocery stores within close proximity to this community. Overall, 53402 Racine is an affordable place to live for individuals and families looking for an alternative to more expensive metropolitan areas.