Monona 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.
IndexMononaWisconsinNational
Cost of living index10797100
IndexMononaWisconsinNational
Goods & Services index10298100
Groceries index10599100
Health care index120112100
Housing index11491100
Transportation index111103100
Utilities index96100100
A general overview of the cost of living index for Monona, WI is displayed above. In Monona, WI, the overall cost of living index is 107, which is 10% higher than the Wisconsin average and 7% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Monona, WI, the city's goods and services are 5% higher than the Wisconsin average and 2% higher than the U.S. average.

Did you know?

  • The cost of living in Monona is 10% higher than the Wisconsin average.
  • The cost of living in Monona is 7% higher than the national average.
  • The cost of housing in Monona is 14% 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 Monona, WI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Monona, 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 Monona, WI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Monona, 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$77,236$6,436$1,802$2,317
Renters$32,897$2,741$768$987
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Monona, 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 Monona, WI homeowners, is $77,236. This would allow for a maximum of $1,802 per month to be spent on housing costs. For renters, the median monthly income is $32,897 which would result in a maximum of $768 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%
The Wisconsin sales tax and Wisconsin income tax rates should definitely be considered when determining the overall cost of living in Monona, WI. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Wisconsin sales tax is 5% and the maximum surtax is 5.6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Wisconsin income tax rates range from 4.4% to 7.65%.

Goods & Services

ItemMononaNational avg.Difference
Haircut $17.11$15.569.9%
Beauty Salon $40.22$36.1111.4%
Toothpaste $2.72$2.4710.0%
Shampoo $1.07$0.9610.9%
Movie $11.25$10.1311.1%
Bowling $4.41$4.746.8%

Groceries

ItemMononaNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.69$1.4120.3%
Milk $1.89$2.068.4%
Potatoes $2.11$2.9829.2%
Pizza $8.44$9.4710.9%
Beer $8.03$8.798.6%

Health Care

ItemMononaNational avg.Difference
Optometrist $62.44$101.0438.2%
Doctor $182.00$107.4469.4%
Dentist $97.44$90.427.8%
Ibuprofen $10.49$9.2813.1%
Lipitor $439.37$426.503.0%

Housing

ItemMononaNational avg.Difference
Home Price $223,600.00$175,700.0027.3%
Avg. Mortgage Payment $1,323.60$1,133.2316.8%
Apartment Rent $771.00$920.0016.2%

Transportation

ItemMononaNational avg.Difference
Gasoline $1.99$1.990.3%
Tire Balancing $61.78$45.7635.0%

Utilities

ItemMononaNational avg.Difference
All Electricity$175.50$163.817.1%
Phone $23.32$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.
Edgerton, WI5,47896-4%
Marshall, WI3,91299-1%
Belleville, WI2,7591033%
Brooklyn, WI1,4391033%
Stoughton, WI12,8861033%
Monona, WI7,7111077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Baxter, MN7,7101000%
Winslow, ME7,70999-1%
Clarkston, GA7,71792-8%
Clear Lake, IA7,71888-12%
DuBois, PA7,71883-17%
Monona, WI7,7111077%
Source: The Monona, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.