Holmen 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.
IndexHolmenWisconsinNational
Cost of living index9997100
IndexHolmenWisconsinNational
Goods & Services index10298100
Groceries index9599100
Health care index111112100
Housing index9391100
Transportation index109103100
Utilities index94100100
An overview of the general cost of living index for Holmen, WI is displayed above for your reference. Residents in Holmen, WI enjoy a cost of living index of 99. This index is 1% higher than the Wisconsin average, and 1% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Holmen, WI, the average cost of goods and services is 4% higher than it is in Wisconsin, and it is 2% higher than the national average.

Did you know?

  • The cost of living in Holmen is 1% higher than the Wisconsin average.
  • The cost of living in Holmen is 1% lower than the national average.
  • The cost of housing in Holmen is 7% 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 Holmen, WI Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Holmen, WI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Holmen, WI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Holmen, WI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$75,618$6,302$1,764$2,269
Renters$40,410$3,368$943$1,212
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Holmen, WI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Holmen, WI has a median income of about $75,618 for people who own homes. Based on that number, a person should spend a maximum of $1,764 on expenses related to housing. Renters have a slightly different median income, which is $40,410. Based on this average, renters should spend no more than $943 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 assessing the complete cost of living in Holmen, WI, the Wisconsin income tax and the Wisconsin sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Wisconsin maximum surtax is 5.6%, and the Wisconsin sales tax is 5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4.4% to 7.65% in Wisconsin.

Goods & Services

ItemHolmenNational avg.Difference
Haircut $17.33$15.5611.4%
Beauty Salon $31.67$36.1112.3%
Toothpaste $2.55$2.473.1%
Shampoo $1.04$0.968.1%
Movie $9.47$10.136.5%
Bowling $4.30$4.749.1%

Groceries

ItemHolmenNational avg.Difference
Ground Beef $3.72$3.986.7%
Fried Chicken $1.54$1.419.2%
Milk $1.79$2.0613.4%
Potatoes $2.00$2.9833.0%
Pizza $11.44$9.4720.8%
Beer $7.56$8.7914.0%

Health Care

ItemHolmenNational avg.Difference
Optometrist $115.00$101.0413.8%
Doctor $149.69$107.4439.3%
Dentist $88.62$90.422.0%
Ibuprofen $8.82$9.285.0%
Lipitor $447.40$426.504.9%

Housing

ItemHolmenNational avg.Difference
Home Price $161,500.00$175,700.008.1%
Avg. Mortgage Payment $910.06$1,133.2319.7%
Apartment Rent $879.00$920.004.5%

Transportation

ItemHolmenNational avg.Difference
Gasoline $2.01$1.990.8%
Tire Balancing $59.00$45.7628.9%

Utilities

ItemHolmenNational avg.Difference
All Electricity$167.94$163.812.5%
Phone $23.33$28.3917.8%
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.
Houston, MN1,01488-12%
Ettrick, WI61789-11%
Dodge, WI13390-10%
Melrose, WI54992-8%
Bangor, WI1,52388-12%
Holmen, WI9,33599-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Airy, MD9,33312929%
Flossmoor, IL9,33911515%
Perryton, TX9,33079-21%
Silverton, OR9,34211010%
Snohomish, WA9,32611616%
Holmen, WI9,33599-1%
Source: The Holmen, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.