River Falls 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.
IndexRiver FallsWisconsinNational
Cost of living index10198100
IndexRiver FallsWisconsinNational
Goods & Services index109100100
Groceries index105100100
Health care index103112100
Housing index9391100
Transportation index10299100
Utilities index91102100
A general summary of the cost of living index in River Falls, WI is shown above. Compared to the state average of Wisconsin the cost of living index in River Falls, WI is 101, which is 3% higher than the average in Wisconsin and compared to the national average it is 1% 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 River Falls, WI goods and services come in at 9% higher than the average in Wisconsin and are 9% higher than compared to the nationwide average.

Did you know?

  • The cost of living in River Falls is 3% higher than the Wisconsin average.
  • The cost of living in River Falls is 1% higher than the national average.
  • The cost of housing in River Falls is 7% 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 River Falls, WI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in River Falls, 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 River Falls, WI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the River Falls, 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$80,467$6,706$1,877$2,414
Renters$28,207$2,351$658$846
One can approximate the cost of living and the housing affordability in River Falls, 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 River Falls, WI have a median income of $80,467. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,877 per month to avoid calamity and poverty. The renters in the city have an income of about $28,207, which would make their monthly maximum allowable rental costs $658.

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 River Falls, 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

ItemRiver FallsNational avg.Difference
Haircut $22.74$14.5955.8%
Beauty Salon $33.43$34.683.6%
Toothpaste $3.44$2.4739.1%
Shampoo $1.05$1.022.7%
Movie $9.88$9.870.1%
Bowling $4.16$4.395.3%

Groceries

ItemRiver FallsNational avg.Difference
Ground Beef $3.76$4.4816.0%
Fried Chicken $1.92$1.4631.1%
Milk $2.24$2.365.0%
Potatoes $3.22$3.065.2%
Pizza $10.57$9.2414.4%
Beer $8.66$8.630.3%

Health Care

ItemRiver FallsNational avg.Difference
Optometrist $81.89$99.7817.9%
Doctor $131.17$105.0324.9%
Dentist $86.82$88.702.1%
Ibuprofen $11.79$9.4125.3%
Lipitor $250.88$298.5016.0%

Housing

ItemRiver FallsNational avg.Difference
Home Price $169,800.00$175,700.003.4%
Avg. Mortgage Payment $1,173.84$1,081.038.6%
Apartment Rent $773.00$920.0016.0%

Transportation

ItemRiver FallsNational avg.Difference
Gasoline $1.97$2.095.8%
Tire Balancing $55.48$45.2922.5%

Utilities

ItemRiver FallsNational avg.Difference
All Electricity$158.73$170.807.1%
Phone $24.99$28.2611.6%
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.
Hammond, WI1,92897-3%
Baldwin, WI3,95998-2%
Ellsworth, WI3,24899-1%
Roberts, WI1,7011000%
Prescott, WI4,2221022%
River Falls, WI15,0501011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pinehurst, NC15,05211515%
Tonawanda, NY15,04882-18%
New Port Richey, FL15,06384-16%
The Dalles, OR15,0681088%
Mount Vernon, IL15,06984-16%
River Falls, WI15,0501011%
Source: The River Falls, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.