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Cost of Living Wisconsin: Best Cheapest Places | Ultimate Guide 2024

cost of living Wisconsin

Looking to move to Wisconsin or find an affordable place to live in the state? Consider the cost of living in Wisconsin before making your decision. Wisconsin offers a range of cities and towns with a lower cost of living compared to the national average, making it an attractive option for many. In this ultimate guide, I will provide you with a list of the most affordable places to live in Wisconsin, along with key details about the cost of living in the state.

Key Takeaways:

  • Wisconsin has a lower cost of living compared to the national average.
  • There are affordable cities and towns in Wisconsin that offer affordable housing options.
  • Consider factors such as median home prices, average rent, and household income when evaluating the cost of living in Wisconsin.
  • Racine, Milwaukee, Oshkosh, and other cities in Wisconsin are known for their affordability.
  • Make a well-informed decision by comparing the cost of living in different cities and considering your personal lifestyle preferences.

What is the Median Home Price in Wisconsin?

When considering relocating or buying a home in Wisconsin, it’s important to understand the current state of the housing market. As of July 2024, the median home sale price in Wisconsin stands at $344,900, according to data from Redfin. This median home price serves as a valuable benchmark for assessing the affordability of housing options in different cities across the state.

Understanding the median home price in Wisconsin gives prospective buyers and residents an indication of the overall housing costs and the potential range of prices they might encounter. It provides a starting point for comparing and evaluating the affordability of different cities and regions within Wisconsin.

Whether you’re searching for your dream home or looking for investment opportunities, the median home price provides crucial insights into the market. Factors such as location, amenities, and size may vary across different cities, influencing housing prices accordingly.

Let’s explore further and delve into specific cities in Wisconsin that offer affordable housing options in varying price ranges while ensuring a high quality of life for residents.

Racine – The Most Affordable Place to Live in Wisconsin

Racine takes the top spot as the most affordable place to live in Wisconsin. With a median home sale price of $185,000, Racine offers affordable housing options for residents. The average rent for a 1-bedroom apartment is $840, and the median household income is $44,346. Racine is also located just 30 miles from Milwaukee, providing access to a nearby major metro area.

When it comes to affordable living in Wisconsin, Racine is the perfect choice. Its low housing costs make it an attractive option for individuals and families looking to settle down in a budget-friendly city.

“Racine offers the perfect combination of affordability and accessibility. Its close proximity to Milwaukee means residents can enjoy the perks of a major city while benefiting from Racine’s lower cost of living.” – Local Resident

With its friendly community and diverse amenities, Racine provides an excellent quality of life for its residents. The city offers a range of affordable housing options, from cozy apartments to charming single-family homes.

Cost of Living in Racine

Category Cost
Housing $185,000 (median home sale price)
Rent $840 (average 1-bedroom apartment)
Utilities Below national average
Transportation Affordable public transportation options
Groceries Affordable cost of groceries

With its low cost of living and affordable housing options, Racine has become a popular choice for those seeking a balance between affordability and quality of life. The city’s charming neighborhoods, beautiful parks, and access to Lake Michigan make it an ideal place to call home.

Milwaukee – A Budget-Friendly City in Wisconsin

Milwaukee, the second most affordable city in Wisconsin, is an ideal choice for budget-conscious individuals seeking a vibrant and culturally rich urban experience. With its affordable housing options and lower cost of living, Milwaukee offers residents an opportunity to live comfortably without breaking the bank.

The median home price in Milwaukee is $206,000, making it an attractive destination for homeowners looking for affordable real estate options. Whether you’re searching for a cozy bungalow or a spacious family home, Milwaukee has a range of housing choices to suit different budgets and preferences.

Renting is also a viable option for those seeking a more flexible living arrangement. The average rent for a 1-bedroom apartment in Milwaukee is $1,480, providing an affordable alternative for individuals or couples looking to enjoy the city’s amenities without the commitment of homeownership.

Despite its affordability, Milwaukee doesn’t compromise on quality of life. The city boasts a vibrant culture scene, with numerous museums, theaters, and music venues. Outdoor enthusiasts can enjoy the beauty of Lake Michigan, explore the scenic parks and trails, or cheer on the Milwaukee Brewers, the city’s beloved Major League Baseball team.

The affordability of Milwaukee allows residents to fully embrace the city’s rich cultural heritage and active lifestyle, creating a well-rounded and fulfilling living experience.

Affordable Cities in Wisconsin: A Comparison

To better understand the affordability of Milwaukee, here’s a comparison of key housing cost indicators among some other notable cities in Wisconsin:

City Median Home Price Average Rent for 1-Bedroom Apartment Median Household Income
Milwaukee $206,000 $1,480 $43,125
Racine $185,000 $840 $44,346
Oshkosh $222,000 $899 $51,282

As seen in the table above, Milwaukee offers a competitive median home price while providing a wide range of cultural and recreational opportunities. Its affordability, combined with its vibrant atmosphere, makes it an attractive choice for individuals and families seeking an urban living experience in an affordable city.

Oshkosh – A Great Value City in Wisconsin

Oshkosh is a hidden gem in Wisconsin, offering residents a great value in terms of cost of living and housing costs. With a median home price of $222,000, Oshkosh provides affordable housing options without compromising on quality. Whether you’re a first-time homebuyer or looking to upgrade, Oshkosh offers a range of homes to suit different budgets and preferences.

The average rent for a 1-bedroom apartment in Oshkosh is $899, making it an attractive option for those who prefer renting or are not yet ready to buy a home. The lower housing costs in Oshkosh make it an affordable choice, especially when compared to larger cities in Wisconsin.

One of the advantages of living in Oshkosh is its proximity to Green Bay, which is about 50 miles away. This allows residents to enjoy the amenities and opportunities of a nearby major metro area while still enjoying the low cost of living and community-driven atmosphere of Oshkosh.

Affordable Housing Options in Oshkosh

“Oshkosh offers a range of affordable housing options for residents, ensuring that everyone can find a home that meets their needs and budget.”

Whether you’re looking for a single-family home in a quiet neighborhood or a modern apartment in the heart of downtown, Oshkosh has something for everyone. The city boasts a diverse real estate market, with homes that cater to different styles and preferences.

In addition to affordability, living in Oshkosh offers residents access to a variety of amenities and recreational activities. The city is home to beautiful parks, scenic waterways, and a vibrant downtown area that showcases local shops, restaurants, and cultural attractions.

When it comes to the cost of living, Oshkosh ranks favorably in comparison to other cities in Wisconsin. The low cost of living in Oshkosh allows residents to stretch their budget further, providing more opportunities for savings, investments, and quality of life.

Discover the charm and affordability of living in Oshkosh, where you can enjoy a high quality of life without breaking the bank. Whether you’re looking to buy a home or rent an apartment, Oshkosh offers a range of affordable options that make it a great value city in Wisconsin.

La Crosse – A Affordable City with Stunning Views

La Crosse is a hidden gem in Wisconsin that offers stunning views and an affordable cost of living. With a median home price of $232,500, residents can find affordable housing options that fit their budget. The average rent for a 1-bedroom apartment is $849, making it an attractive choice for individuals and families looking for affordable living arrangements. The median household income in La Crosse is $43,125, providing residents with a comfortable lifestyle without breaking the bank.

One of the highlights of living in La Crosse is the breathtaking natural beauty that surrounds the city. The mighty Mississippi River flows through the heart of La Crosse, offering residents stunning riverside parks to explore and enjoy. The city is also known for its scenic bluffs, which provide panoramic views of the surrounding landscapes. These natural wonders make La Crosse a great destination for outdoor enthusiasts and nature lovers.

“Living in La Crosse allows me to enjoy all the beauty that Wisconsin has to offer without the high cost of living found in other cities. I wake up every morning to stunning views of the river and bluffs, and I feel incredibly lucky to call this place home.” – Emily, La Crosse resident

In addition to its natural beauty, La Crosse also boasts a vibrant downtown area with a rich arts and cultural scene. The city is home to numerous art galleries, theaters, and music venues, providing residents with a diverse range of entertainment options. The downtown area is also dotted with charming shops, local restaurants, and lively bars, creating a lively and welcoming atmosphere.

If you’re looking for an affordable city with stunning views and a high quality of life, La Crosse should be at the top of your list. With its affordable housing options, low cost of living, and beautiful natural surroundings, La Crosse offers a wonderful place to call home.

West Allis – Affordable Living Near Milwaukee

West Allis is a great affordable city to consider moving to in Wisconsin. With a median home price of $245,000, West Allis offers affordable housing options for residents. The average rent for a 1-bedroom apartment is $995, and the median household income is $43,125. West Allis is located just 7 miles from Milwaukee, providing access to the amenities of a major metropolitan area.

Statistics West Allis
Median Home Price $245,000
Average Rent for 1-Bedroom Apartment $995
Median Household Income $43,125

West Allis provides a balance between affordable housing and proximity to the vibrant city of Milwaukee. Residents can enjoy the convenience of living near a major metropolitan area while benefiting from lower housing costs. The median home price of $245,000 allows individuals and families to find a suitable place to call home without breaking the bank.

The average rent for a 1-bedroom apartment at $995 is also reasonable, making it an affordable option for those who prefer renting. With a median household income of $43,125, residents of West Allis have the opportunity to live comfortably and enjoy a good quality of life without the burden of high living costs.

West Allis offers a range of amenities and attractions, including parks, shopping centers, restaurants, and entertainment venues. Residents can take advantage of the city’s recreational opportunities and cultural events while also benefiting from the employment and economic opportunities provided by its proximity to Milwaukee.

Overall, West Allis is a highly desirable city in Wisconsin for individuals and families seeking affordable living near a major metropolitan area. With its affordable housing options, lower cost of living, and proximity to Milwaukee, West Allis provides a great lifestyle without the high price tag.

Kenosha – Affordable Living on Lake Michigan

Kenosha is another noteworthy city in Wisconsin that offers affordable living options. Located on the shores of Lake Michigan, Kenosha offers residents a beautiful setting with access to stunning waterfront attractions.

When it comes to housing costs, Kenosha provides a range of affordable choices. The median home price in Kenosha is $246,500, making it an attractive option for homeowners seeking affordable properties. Additionally, the average rent for a 1-bedroom apartment is $1,044, offering affordable rental options as well.

Residents of Kenosha enjoy a relatively low cost of living compared to other cities in Wisconsin. This affordability is complemented by a median household income of $56,113, which provides individuals and families with financial stability.

Kenosha’s proximity to Milwaukee, located just 40 miles away, also provides residents with easy access to the amenities and job opportunities of a major metropolitan area. This makes Kenosha an ideal location for those looking for affordable living while maintaining access to urban conveniences.

“Kenosha offers a unique combination of affordability and natural beauty. With its stunning location on Lake Michigan and affordable housing options, it’s no wonder that Kenosha is gaining popularity among residents looking for a high quality of life without breaking the bank.”

When considering affordable cities in Wisconsin, Kenosha stands out as an excellent choice for individuals and families seeking a low cost of living and a picturesque environment. Whether you’re a homeowner or renter, Kenosha provides attractive options that fit various budgets.

Median Home Price Average Rent for 1-Bedroom Apartment Median Household Income
$246,500 $1,044 $56,113

With its affordable housing costs, low cost of living, and access to Lake Michigan, Kenosha offers residents a desirable balance of affordability and natural beauty.

Kenosha Affordable Living on Lake Michigan

Appleton – Affordable Living in a Charming City

I’m excited to introduce you to Appleton, a charming city in Wisconsin that offers affordable living options. With a median home price of $258,000, Appleton provides a range of affordable housing choices for residents.

When it comes to renting, the average cost for a 1-bedroom apartment is $1,325, making it an attractive option for those looking for affordable rentals. Additionally, the median household income in Appleton is $61,475, providing residents with a comfortable living situation.

One of the highlights of Appleton is its vibrant downtown area, where you’ll find a variety of shops, restaurants, and entertainment venues. The city is also known for its historic architecture, with beautifully preserved buildings that add character to the community.

Appleton is home to several cultural amenities, including art galleries, museums, and theaters, offering residents an opportunity to indulge in the arts scene. Whether you’re a fan of live performances, visual arts, or cultural exhibitions, Appleton has something to offer.

Now, let’s take a look at a table that summarizes the key details about Appleton’s cost of living:

Median Home Price Average Rent for 1-Bedroom Apartment Median Household Income
$258,000 $1,325 $61,475

With its affordable cost of living, vibrant downtown area, and cultural amenities, Appleton is a wonderful place to call home in Wisconsin. Whether you’re looking to buy or rent, the city provides options that suit a variety of budgets, making it an ideal choice for individuals and families alike.

Janesville – Affordable Living in Southern Wisconsin

Janesville is a city in southern Wisconsin that offers affordable living options. With a median home price of $259,000, Janesville provides affordable housing choices for residents. The average rent for a 1-bedroom apartment is $1,034, and the median household income is $55,914. Janesville is known for its beautiful parks, scenic riverfront, and vibrant downtown area.

If you’re looking to settle down in a city that combines affordability with natural beauty, Janesville is the perfect choice. The city boasts a low cost of living, allowing residents to enjoy a comfortable lifestyle without breaking the bank.

One of the highlights of Janesville is its stunning parks, which offer plenty of opportunities for outdoor activities. Whether you enjoy hiking, biking, or simply relaxing in nature, Janesville has a park that suits your needs. The city also takes pride in its scenic riverfront, where residents can take leisurely walks or go kayaking and fishing.

In addition to its natural beauty, Janesville has a vibrant downtown area with charming shops, restaurants, and cultural attractions. Residents can explore local boutiques, dine at cozy cafes, and attend festivals and events throughout the year.

Overall, Janesville offers an affordable cost of living without compromising on quality of life. Its combination of affordable housing options, beautiful parks, and a vibrant downtown make it an attractive city to call home.

Green Bay – Affordable Living with a Great Community

When it comes to affordable living in Wisconsin, Green Bay is a standout option. With a strong sense of community and a range of affordable housing options, Green Bay offers residents a high quality of life without breaking the bank.

With a median home price of $287,450, Green Bay is an attractive choice for homebuyers seeking affordable real estate options. Whether you’re in the market for a cozy single-family home or a spacious apartment, Green Bay has something to suit every budget. The average rent for a 1-bedroom apartment is $899, making it a cost-effective choice for renters as well.

The low cost of living in Green Bay extends beyond housing expenses. Other living costs, such as groceries, transportation, and healthcare, are also relatively affordable compared to national averages. This makes it easier for residents to stretch their budgets and enjoy a comfortable lifestyle.

One of the highlights of living in Green Bay is the strong sense of community. Green Bay is famous for its football team, the Green Bay Packers, which brings the city together and fosters a sense of camaraderie among its residents. The city also offers a variety of cultural attractions, outdoor activities, and vibrant neighborhoods, providing ample opportunities for residents to connect and engage with their community.

Green Bay cost of living

Whether you’re a sports enthusiast, nature lover, or simply looking for an affordable place to call home, Green Bay checks all the boxes. With its affordable housing options, low cost of living, and welcoming community, Green Bay offers residents the best of both worlds.

Key Statistics – Green Bay

Median Home Price Average Rent (1-bedroom apartment) Median Household Income
$287,450 $899 $52,214

Table: Key Statistics for Green Bay

Eau Claire – Affordable Living with Natural Beauty

Eau Claire is a city in Wisconsin that offers affordable living options and natural beauty. With a median home price of $300,000, Eau Claire provides affordable housing choices for residents.

The average rent for a 1-bedroom apartment in Eau Claire is $795, making it an attractive option for those looking to save on housing costs. In addition, the median household income in Eau Claire is $59,705, providing residents with a good balance between affordability and earning potential.

Eau Claire is known for its beautiful lakes, expansive trail systems, and vibrant arts scene. Residents can enjoy outdoor activities such as hiking, biking, and boating, all while being surrounded by the stunning natural beauty of the area.

Eau Claire offers a unique blend of affordability and quality of life, making it an ideal choice for those seeking an affordable city with plenty of natural beauty to explore.

Whether you’re looking to buy a home or rent an apartment, Eau Claire offers a range of affordable options that fit different budgets and lifestyles.

Comparison of Housing Costs in Eau Claire, Wisconsin

Median Home Price Average Rent (1-bedroom apartment) Median Household Income
$300,000 $795 $59,705

As shown in the table above, Eau Claire’s median home price is affordable compared to other cities in Wisconsin. The average rent for a 1-bedroom apartment is also lower than the state average, providing residents with more affordable housing options. The median household income in Eau Claire is in line with the state average, ensuring residents have a decent income to support their cost of living.

Eau Claire’s natural beauty, affordability, and vibrant arts scene make it an attractive city to live in. Whether you’re exploring the numerous parks and trails or enjoying the local arts and music festivals, there’s something for everyone in Eau Claire. Experience the charm of this affordable city while immersing yourself in the stunning natural surroundings.

Cities with the Best Home Price to Income Ratio in Wisconsin

In addition to the most affordable cities in Wisconsin, there are also cities with the best home price to income ratio. This means that residents in these cities can afford more home for their income. Some of the cities with the best home price to income ratio include Marinette, Merrill, and Wisconsin Rapids. These cities offer a good balance between affordable housing and median household income.

If you’re looking for a city in Wisconsin where your income can go further when purchasing a home, these cities provide great opportunities. With a lower cost of living and affordable housing options, Marinette, Merrill, and Wisconsin Rapids allow residents to achieve a better home price to income ratio. This means that you can invest in a more comfortable and spacious living space without stretching your budget too thin.

Marinette is located in northeastern Wisconsin, along the border with Michigan’s Upper Peninsula. The city boasts a median home price of $120,000 and a median household income of $45,226. With a lower cost of living and a strong sense of community, Marinette offers an attractive lifestyle for those seeking affordable housing options.

Merrill, situated in central Wisconsin, features a median home price of $99,950 and a median household income of $46,472. With its small-town charm and picturesque surroundings, Merrill is an ideal destination for individuals and families looking for affordable living options and a close-knit community.

Wisconsin Rapids

Wisconsin Rapids is located in central Wisconsin and offers a median home price of $99,900, with a median household income of $41,683. This city provides an affordable cost of living and a strong sense of community, making it an appealing choice for those looking for a balance between affordable housing and a good quality of life.

When considering the best home price to income ratio, it’s important to evaluate factors such as housing prices, median household income, and the overall cost of living. These factors can vary from city to city and play a crucial role in determining the affordability of housing options for residents.

By choosing a city with a favorable home price to income ratio, you can make your housing budget go further and achieve a better lifestyle balance. Whether you’re a first-time buyer or looking to downsize, these cities offer opportunities for affordable homeownership without compromising on quality of life.

Conclusion

After analyzing the cost of living in Wisconsin, it is evident that there are several affordable places to live in the state. Cities like Racine, Milwaukee, and Oshkosh offer affordable housing options and a lower cost of living compared to the national average.

Whether you prefer the vibrancy of a city or the charm of a smaller town, Wisconsin has something for everyone. These cost-effective cities provide a balance between affordability and quality of life, making them great choices for anyone looking to relocate.

When considering where to live in Wisconsin, keep in mind the cost of living in each city. Racine, Milwaukee, and Oshkosh are just a few examples of the affordable places available. Take into account factors like housing costs, median home prices, and overall cost of living to find the perfect place that aligns with your budget and lifestyle.

Overall, Wisconsin offers a diverse range of affordable options, allowing residents to enjoy a high quality of life without breaking the bank. Consider these cost-effective cities and make the most out of your living experience in Wisconsin.

FAQ

What is the median home price in Wisconsin?

As of July 2024, the median home sale price in Wisconsin is 4,900 according to Redfin.

Which is the most affordable place to live in Wisconsin?

Racine takes the top spot as the most affordable place to live in Wisconsin. With a median home sale price of 5,000, Racine offers affordable housing options for residents.

What is the cost of living in Milwaukee?

Milwaukee is the second most affordable city in Wisconsin. With a median home price of 6,000, Milwaukee offers affordable housing options for residents.

Is Oshkosh an affordable city in Wisconsin?

Yes, Oshkosh is a great value city in Wisconsin. With a median home price of 2,000, Oshkosh offers affordable housing options for residents.

What are the housing costs in La Crosse?

La Crosse is an affordable city in Wisconsin that offers stunning views. With a median home price of 2,500, La Crosse provides affordable housing options for residents.

Is West Allis an affordable city near Milwaukee?

Yes, West Allis is a great affordable city to consider moving to in Wisconsin. With a median home price of 5,000, West Allis offers affordable housing options for residents.

What is the cost of living in Kenosha?

Kenosha is another noteworthy city in Wisconsin that offers affordable living options. With a median home price of 6,500, Kenosha provides affordable housing choices for residents.

Is Appleton an affordable city in Wisconsin?

Yes, Appleton is a charming city in Wisconsin that offers affordable living options. With a median home price of 8,000, Appleton provides affordable housing choices for residents.

Are housing costs in Janesville affordable?

Yes, Janesville is a city in southern Wisconsin that offers affordable living options. With a median home price of 9,000, Janesville provides affordable housing choices for residents.

What is the cost of living in Green Bay?

Green Bay is an affordable city in Wisconsin with a great community. With a median home price of 7,450, Green Bay offers affordable housing options for residents.

Is Eau Claire an affordable city with natural beauty?

Yes, Eau Claire is a city in Wisconsin that offers affordable living options and natural beauty. With a median home price of 0,000, Eau Claire provides affordable housing choices for residents.

Which cities in Wisconsin have the best home price to income ratio?

Some cities with the best home price to income ratio include Marinette, Merrill, and Wisconsin Rapids. These cities offer a good balance between affordable housing and median household income.

Are there affordable places to live in Wisconsin?

Yes, Wisconsin offers a range of affordable places to live, with cities like Racine, Milwaukee, and Oshkosh providing affordable housing options and a lower cost of living compared to the national average.

What should I consider when deciding where to live in Wisconsin?

When deciding where to live in Wisconsin, consider factors such as housing costs, median household income, amenities, proximity to major metro areas, and quality of life.

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Kostadin

Kostadin

Financial expert with Wall Street and real world experience covering personal finance, investments, financial independence, entrepreneurship.

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