Beaver Dam cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBeaver DamWisconsinNational
Cost of living index9498100
IndexBeaver DamWisconsinNational
Goods & Services index102100100
Groceries index106100100
Health care index113112100
Housing index7191100
Transportation index9899100
Utilities index108102100
Here we can see a simple outline of the cost of living in Beaver Dam, WI. As you can see, with the average cost of living in Beaver Dam, WI being 94, that puts it 4% lower than the average of Wisconsin and 6% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Beaver Dam, WI, the price of goods and services are 2% higher than the average of Wisconsin as well as 2% higher than the nation's average.

Did you know?

  • The cost of living in Beaver Dam is 4% lower than the Wisconsin average.
  • The cost of living in Beaver Dam is 6% lower than the national average.
  • The cost of housing in Beaver Dam is 29% lower than the national average.
  • Wisconsin general sales tax is 2% lower than the national average.
  • Wisconsin state income tax is 98% higher than the national average.

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Compare Beaver Dam, WI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Beaver Dam, WI to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Beaver Dam, WI, then you would need to earn more income in order to maintain the same standard of living. To use the Beaver Dam, WI salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,821$4,735$1,326$1,705
Renters$33,211$2,768$775$996
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Beaver Dam, WI, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Beaver Dam, WI homeowners have a median income of $56,821. Using that number, you will come up with a maximum of $1,326 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $33,211, which means there is a maximum of $775 to be spent on the costs of renting a home or apartment.

Wisconsin Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wisconsin5%5.6%

Wisconsin Income Tax

StateIncome Tax (Low)Income Tax (High)
Wisconsin4.4%7.65%
When you are determining the total cost of living in Beaver Dam, WI you will want to make sure you consider both the Wisconsin sales tax and the Wisconsin income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Wisconsin is 5%, with the highest surtax being 5.6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Wisconsin have a range from 4.4% to 7.65%.

Goods & Services

ItemBeaver DamNational avg.Difference
Haircut $14.80$14.591.4%
Beauty Salon $27.80$34.6819.8%
Toothpaste $3.05$2.4723.3%
Shampoo $1.49$1.0245.8%
Movie $7.75$9.8721.5%
Bowling $3.50$4.3920.3%

Groceries

ItemBeaver DamNational avg.Difference
Ground Beef $4.42$4.481.3%
Fried Chicken $1.94$1.4632.5%
Milk $2.97$2.3626.0%
Potatoes $2.64$3.0613.8%
Pizza $9.00$9.242.6%
Beer $7.76$8.6310.1%

Health Care

ItemBeaver DamNational avg.Difference
Optometrist $71.00$99.7828.8%
Doctor $170.00$105.0361.9%
Dentist $81.60$88.708.0%
Ibuprofen $9.43$9.410.2%
Lipitor $310.90$298.504.2%

Housing

ItemBeaver DamNational avg.Difference
Home Price $117,000.00$175,700.0033.4%
Avg. Mortgage Payment $863.16$1,081.0320.2%
Apartment Rent $761.00$920.0017.3%

Transportation

ItemBeaver DamNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $47.33$45.294.5%

Utilities

ItemBeaver DamNational avg.Difference
All Electricity$191.70$170.8012.2%
Phone $28.78$28.261.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Lowell, WI32290-10%
Cambria, WI77190-10%
Reeseville, WI66891-9%
Randolph, WI1,69593-7%
Clyman, WI37693-7%
Beaver Dam, WI16,33194-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hibbing, MN16,33088-12%
Bethpage, NY16,33715151%
Troutdale, OR16,33911616%
Fayetteville, GA16,3231055%
Dyer, IN16,3221077%
Beaver Dam, WI16,33194-6%
Source: The Beaver Dam, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.