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Living in Wisconsin is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 8.1% less than they do on average nationwide. Compared with all other states, Wisconsin has the 20th lowest overall cost of living.
Living in Wisconsin is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 8.1% less than they do on average nationwide. Compared with all other states, Wisconsin has the 20th lowest overall cost of living.
The cost of living in Wisconsin is 3% lower than the national average. Housing is 10% lower than the national average, while utilities are 2% lower. When it comes to basic necessities such as food and clothing, groceries are around 2% lower than in the rest of the country, while clothing costs 2% lower.
On average, the cost of rent in Wisconsin is about $1,026 per month. This puts it in the 19th percentile compared to the nation average cost of rent, which is $1,385. Households in Wisconsin have a median income of $5,586 per month so the average renter in Wisconsin is spending roughly 18% of their earnings on housing.
In any case, a family of four could live comfortably on a little more than $4,000 a month or approximately $48,000 per year. This would include all expenses such as mortgage and car payments, school feeds, food, utilities, and miscellaneous.
Housing costs in Wisconsin are extremely affordable and nearly 15% below the national average. Bestplaces.net puts Wisconsin rents at $200-$500 less than comparable homes/apartments in other cities. Housing costs drop significantly in the central and northern parts of the state.
Monthly rent for a one-bedroom in the state is $677, while the typical rent for a unit with five or more bedrooms is $1,087. Across the state, 33.1% of occupied homes are rented, less than the 36.2% national average and the 21st lowest renter rate of any state.
WISCONSIN Wisconsin has been named 2019's 6th best state to live in, according to a new report. The report by WalletHub found compared all 50 states across 51 key indicators of livability, including housing costs, income growth, and quality of hospitals.