Howard 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.
IndexHowardWisconsinNational
Cost of living index9898100
IndexHowardWisconsinNational
Goods & Services index97100100
Groceries index91100100
Health care index107112100
Housing index9591100
Transportation index10399100
Utilities index111102100
A general summary of the cost of living index in Howard, WI is shown above. Compared to the state average of Wisconsin the cost of living index in Howard, WI is 98, which is equal to the average in Wisconsin and compared to the national average it is 2% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Howard, WI goods and services come in at 3% lower than the average in Wisconsin and are 3% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Howard is equal to the Wisconsin average.
  • The cost of living in Howard is 2% lower than the national average.
  • The cost of housing in Howard is 5% 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.

Find Real Estate Listings In Howard

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Howard

Compare Howard, 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
The salary calculator is used in order to provide a comparison of your current salary in Howard, 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 Howard, WI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Howard, 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$72,064$6,005$1,681$2,162
Renters$40,466$3,372$944$1,214
One can approximate the cost of living and the housing affordability in Howard, WI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Howard, WI have a median income of $72,064. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,681 per month to avoid calamity and poverty. The renters in the city have an income of about $40,466, which would make their monthly maximum allowable rental costs $944.

Wisconsin Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wisconsin5%5.6%

Wisconsin Income Tax

StateIncome Tax (Low)Income Tax (High)
Wisconsin4.4%7.65%
For those who live in Howard, WI and want to know what the true cost of living is, they ought to look at both the Wisconsin income tax rate and the Wisconsin sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Wisconsin, the sales tax is 5%, while the most you'll pay in surtax is 5.6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Wisconsin, the income tax rate ranges between 4.4% to 7.65%.

Goods & Services

ItemHowardNational avg.Difference
Haircut $10.00$14.5931.5%
Beauty Salon $25.38$34.6826.8%
Toothpaste $1.86$2.4724.8%
Shampoo $0.81$1.0220.7%
Movie $10.00$9.871.3%
Bowling $2.60$4.3940.8%

Groceries

ItemHowardNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.57$1.467.2%
Milk $2.32$2.361.6%
Potatoes $1.83$3.0640.2%
Pizza $9.00$9.242.6%
Beer $7.41$8.6314.2%

Health Care

ItemHowardNational avg.Difference
Optometrist $61.25$99.7838.6%
Doctor $138.88$105.0332.2%
Dentist $85.52$88.703.6%
Ibuprofen $9.22$9.412.0%
Lipitor $320.38$298.507.3%

Housing

ItemHowardNational avg.Difference
Home Price $176,500.00$175,700.000.5%
Avg. Mortgage Payment $907.91$1,081.0316.0%
Apartment Rent $760.00$920.0017.4%

Transportation

ItemHowardNational avg.Difference
Gasoline $2.01$2.093.9%
Tire Balancing $56.00$45.2923.7%

Utilities

ItemHowardNational avg.Difference
All Electricity$169.27$170.800.9%
Phone $35.98$28.2627.3%
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.
Pulaski, WI3,50791-9%
Green Bay, WI104,57491-9%
Krakow, WI36392-8%
Seymour city, WI3,44993-7%
Ashwaubenon, WI17,06594-6%
Howard, WI18,31398-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Jenks, OK18,31298-2%
Cudahy, WI18,32196-4%
Dover, NJ18,29812121%
Rutherford, NJ18,29715454%
Elizabeth City, NC18,3431022%
Howard, WI18,31398-2%
Source: The Howard, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.