New Richmond 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.
IndexNew RichmondWisconsinNational
Cost of living index9797100
IndexNew RichmondWisconsinNational
Goods & Services index10898100
Groceries index10499100
Health care index106112100
Housing index8391100
Transportation index97103100
Utilities index94100100
Here we can see a simple outline of the cost of living in New Richmond, WI. As you can see, with the average cost of living in New Richmond, WI being 97, that puts it equal to the average of Wisconsin and 3% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of New Richmond, WI, the price of goods and services are 10% higher than the average of Wisconsin as well as 8% higher than the nation's average.

Did you know?

  • The cost of living in New Richmond is equal to the Wisconsin average.
  • The cost of living in New Richmond is 3% lower than the national average.
  • The cost of housing in New Richmond is 17% 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 New Richmond, 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 meant to help you compare your salary in New Richmond, WI to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in New Richmond, WI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the New Richmond, WI salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New Richmond, 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 New Richmond, WI homeowners, is $75,858. This would allow for a maximum of $1,770 per month to be spent on housing costs. For renters, the median monthly income is $30,369 which would result in a maximum of $709 to be spent on rental costs.

Wisconsin Sales Tax

StateGeneral Sales TaxWith Max Surtax

Wisconsin Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in New Richmond, WI you will want to make sure you consider both the Wisconsin sales tax and the Wisconsin income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Wisconsin is 5%, with the highest surtax being 5.6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Wisconsin have a range from 4.4% to 7.65%.

Goods & Services

ItemNew RichmondNational avg.Difference
Haircut $24.91$15.5660.0%
Beauty Salon $33.76$36.116.5%
Toothpaste $3.41$2.4737.8%
Shampoo $1.04$0.967.8%
Movie $9.85$10.132.8%
Bowling $4.06$4.7414.2%


ItemNew RichmondNational avg.Difference
Ground Beef $4.07$3.982.2%
Fried Chicken $1.94$1.4137.9%
Milk $2.17$2.065.0%
Potatoes $3.19$2.987.0%
Pizza $10.59$9.4711.8%
Beer $8.92$8.791.4%

Health Care

ItemNew RichmondNational avg.Difference
Optometrist $81.20$101.0419.6%
Doctor $134.89$107.4425.5%
Dentist $87.31$90.423.4%
Ibuprofen $11.78$9.2827.0%
Lipitor $406.73$426.504.6%


ItemNew RichmondNational avg.Difference
Home Price $140,700.00$175,700.0019.9%
Avg. Mortgage Payment $1,182.68$1,133.234.4%
Apartment Rent $840.00$920.008.7%


ItemNew RichmondNational avg.Difference
Gasoline $1.85$1.997.0%
Tire Balancing $48.94$45.767.0%


ItemNew RichmondNational avg.Difference
All Electricity$162.69$163.810.7%
Phone $24.99$28.3912.0%
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.
Clear Lake, WI91989-11%
Deer Park, WI21691-9%
Emerald, WI17790-10%
Woodville, WI1,28293-7%
Amery, WI2,89095-5%
New Richmond, WI8,50197-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Anthony, MN8,50111010%
Alliance, NE8,50182-18%
Live Oak city, CA8,5001022%
Helena Valley West Central, MT8,5021011%
Wagoner, OK8,49985-15%
New Richmond, WI8,50197-3%
Source: The New Richmond, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.