Mequon 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.
IndexMequonWisconsinNational
Cost of living index12498100
IndexMequonWisconsinNational
Goods & Services index97100100
Groceries index103100100
Health care index115112100
Housing index18191100
Transportation index8999100
Utilities index110102100
A general summary of the cost of living index in Mequon, WI is shown above. Compared to the state average of Wisconsin the cost of living index in Mequon, WI is 124, which is 27% higher than the average in Wisconsin and compared to the national average it is 24% higher 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 Mequon, 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 Mequon is 27% higher than the Wisconsin average.
  • The cost of living in Mequon is 24% higher than the national average.
  • The cost of housing in Mequon is 81% 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 Mequon, WI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Mequon, 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 Mequon, WI, then you would need to earn more income in order to maintain the same standard of living. To use the Mequon, 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$114,773$9,564$2,678$3,444
Renters$37,625$3,135$878$1,129
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mequon, WI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Mequon, WI homeowners, is $114,773. This would allow for a maximum of $2,678 per month to be spent on housing costs. For renters, the median monthly income is $37,625 which would result in a maximum of $878 to be spent on rental costs.

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 Mequon, 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

ItemMequonNational 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

ItemMequonNational 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

ItemMequonNational 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

ItemMequonNational avg.Difference
Home Price $346,900.00$175,700.0097.4%
Avg. Mortgage Payment $1,141.54$1,081.035.6%
Apartment Rent $1,307.00$920.0042.1%

Transportation

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

Utilities

ItemMequonNational 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.
Milwaukee, WI598,07892-8%
West Milwaukee, WI4,21493-7%
West Allis, WI60,59595-5%
Lannon, WI1,13997-3%
Brown Deer, WI12,06797-3%
Mequon, WI23,30012424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Greenwood, SC23,29683-17%
Riverbank, CA23,31011010%
Cottage Lake, WA23,31816363%
Keene, NH23,28111313%
Munster, IN23,3251088%
Mequon, WI23,30012424%
Source: The Mequon, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.