Hales Corners 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.
IndexHales CornersWisconsinNational
Cost of living index10698100
IndexHales CornersWisconsinNational
Goods & Services index97100100
Groceries index103100100
Health care index115112100
Housing index12091100
Transportation index8999100
Utilities index110102100
The above illustration supplies generalized information for the Hales Corners, WI cost of living index. Compared to other cities in Wisconsin and cities across the country, the cost of living index in Hales Corners, WI is 106, which is 8% higher than the Wisconsin average and 6% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Hales Corners, WI are 3% lower than the average for Wisconsin and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Hales Corners is 8% higher than the Wisconsin average.
  • The cost of living in Hales Corners is 6% higher than the national average.
  • The cost of housing in Hales Corners is 20% higher 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.

Find Real Estate Listings In Hales Corners

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Hales Corners

Compare Hales Corners, WI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Hales Corners, WI to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Hales Corners, WI, you have to earn a higher income in order to still have the same standard of living. To operate the Hales Corners, WI salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,321$7,110$1,991$2,560
Renters$41,534$3,461$969$1,246
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Hales Corners, 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 Hales Corners, WI homeowners have a median income of $85,321. Using that number, you will come up with a maximum of $1,991 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $41,534, which means there is a maximum of $969 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 considering the overall cost of living expenses in Hales Corners, WI, it's important to take into account the sales tax for Wisconsin, as well as the rate for income tax in Wisconsin. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Wisconsin is 5.6%, and the sales tax in the state of Wisconsin is 5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Wisconsin starts from 4.4% and goes up to 7.65%.

Goods & Services

ItemHales CornersNational avg.Difference
Haircut $15.99$14.599.6%
Beauty Salon $30.60$34.6811.8%
Toothpaste $2.51$2.471.5%
Shampoo $0.89$1.0212.9%
Movie $9.80$9.870.7%
Bowling $3.25$4.3926.0%

Groceries

ItemHales CornersNational avg.Difference
Ground Beef $3.32$4.4825.8%
Fried Chicken $1.86$1.4627.0%
Milk $2.20$2.366.6%
Potatoes $2.35$3.0623.2%
Pizza $9.00$9.242.6%
Beer $7.97$8.637.7%

Health Care

ItemHales CornersNational avg.Difference
Optometrist $52.40$99.7847.5%
Doctor $166.00$105.0358.0%
Dentist $91.60$88.703.3%
Ibuprofen $9.19$9.412.4%
Lipitor $315.77$298.505.8%

Housing

ItemHales CornersNational avg.Difference
Home Price $223,000.00$175,700.0026.9%
Avg. Mortgage Payment $1,141.54$1,081.035.6%
Apartment Rent $955.00$920.003.8%

Transportation

ItemHales CornersNational avg.Difference
Gasoline $1.89$2.099.6%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemHales CornersNational avg.Difference
All Electricity$169.20$170.800.9%
Phone $35.25$28.2624.8%
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.
Racine, WI78,34791-9%
Milwaukee, WI598,07892-8%
West Milwaukee, WI4,21493-7%
West Allis, WI60,59595-5%
St. Francis, WI9,48895-5%
Hales Corners, WI7,7491066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Innsbrook, VA7,74911313%
Hyrum, UT7,75195-5%
Oak Grove, MO7,74790-10%
Herkimer, NY7,75293-7%
Mount Vista, WA7,74512424%
Hales Corners, WI7,7491066%
Source: The Hales Corners, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.