McFarland 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.
IndexMcFarlandWisconsinNational
Cost of living index11098100
IndexMcFarlandWisconsinNational
Goods & Services index102100100
Groceries index105100100
Health care index122112100
Housing index12791100
Transportation index10699100
Utilities index92102100
The above illustration supplies generalized information for the McFarland, WI cost of living index. Compared to other cities in Wisconsin and cities across the country, the cost of living index in McFarland, WI is 110, which is 12% higher than the Wisconsin average and 10% 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 McFarland, WI are 2% higher than the average for Wisconsin and 2% higher than the rest of the country.

Did you know?

  • The cost of living in McFarland is 12% higher than the Wisconsin average.
  • The cost of living in McFarland is 10% higher than the national average.
  • The cost of housing in McFarland is 27% 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.

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Compare McFarland, WI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in McFarland, WI to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of McFarland, WI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the McFarland, WI salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,277$7,606$2,130$2,739
Renters$35,403$2,950$826$1,062
One can approximate the cost of living and the housing affordability in McFarland, 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 McFarland, WI have a median income of $91,277. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,130 per month to avoid calamity and poverty. The renters in the city have an income of about $35,403, which would make their monthly maximum allowable rental costs $826.

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 McFarland, 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

ItemMcFarlandNational avg.Difference
Haircut $16.67$14.5914.2%
Beauty Salon $44.00$34.6826.9%
Toothpaste $2.49$2.470.7%
Shampoo $1.02$1.020.2%
Movie $11.08$9.8712.3%
Bowling $4.00$4.398.9%

Groceries

ItemMcFarlandNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $2.35$1.4660.5%
Milk $2.59$2.369.9%
Potatoes $1.99$3.0635.0%
Pizza $8.00$9.2413.4%
Beer $8.09$8.636.3%

Health Care

ItemMcFarlandNational avg.Difference
Optometrist $58.00$99.7841.9%
Doctor $173.00$105.0364.7%
Dentist $98.67$88.7011.2%
Ibuprofen $11.26$9.4119.6%
Lipitor $318.79$298.506.8%

Housing

ItemMcFarlandNational avg.Difference
Home Price $240,100.00$175,700.0036.7%
Avg. Mortgage Payment $1,245.22$1,081.0315.2%
Apartment Rent $956.00$920.003.9%

Transportation

ItemMcFarlandNational avg.Difference
Gasoline $2.11$2.090.8%
Tire Balancing $55.00$45.2921.5%

Utilities

ItemMcFarlandNational avg.Difference
All Electricity$183.62$170.807.5%
Phone $19.99$28.2629.3%
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.
Edgerton, WI5,47893-7%
Marshall, WI3,91298-2%
Cambridge, WI1,3621011%
Belleville, WI2,7591022%
Brooklyn, WI1,4391022%
McFarland, WI8,00911010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sellersburg, IN8,00496-4%
Laurel Hill, VA8,01514141%
Long Grove, IL8,01717575%
Montvale, NJ8,00017777%
Newton, NJ7,99911414%
McFarland, WI8,00911010%
Source: The McFarland, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.