Stevens Point 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.
IndexStevens PointWisconsinNational
Cost of living index8697100
IndexStevens PointWisconsinNational
Goods & Services index9498100
Groceries index9599100
Health care index109112100
Housing index6791100
Transportation index94103100
Utilities index93100100
Displayed above is a general overview of the Stevens Point, WI cost of living index. The overall cost of living index in Stevens Point, WI is 86, which is 11% lower than the Wisconsin average and 14% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Stevens Point, WI are 4% lower than the Wisconsin average and 6% lower than the national average.

Did you know?

  • The cost of living in Stevens Point is 11% lower than the Wisconsin average.
  • The cost of living in Stevens Point is 14% lower than the national average.
  • The cost of housing in Stevens Point is 33% 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 Stevens Point, WI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Stevens Point, 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 Stevens Point, WI, then you would need to earn more income in order to maintain the same standard of living. To use the Stevens Point, 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$57,364$4,780$1,338$1,721
Renters$24,452$2,038$571$734
If you want to find a good determining factor for the cost of living and the general affordability of housing in Stevens Point, WI, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Stevens Point, WI, the median monthly income is $57,364 for those who own their own homes. Under the standard rule, that income level would allow for $1,338 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $24,452, per the median income in the area. That would allow for renters to spend up to $571 on monthly rental expenses.

Wisconsin Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wisconsin5%5.6%

Wisconsin Income Tax

StateIncome Tax (Low)Income Tax (High)
Wisconsin4.4%7.65%
When assessing the complete cost of living in Stevens Point, WI, the Wisconsin income tax and the Wisconsin sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Wisconsin maximum surtax is 5.6%, and the Wisconsin sales tax is 5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4.4% to 7.65% in Wisconsin.

Goods & Services

ItemStevens PointNational avg.Difference
Haircut $15.98$15.562.7%
Beauty Salon $19.59$36.1145.7%
Toothpaste $2.33$2.475.9%
Shampoo $0.95$0.961.2%
Movie $9.00$10.1311.1%
Bowling $3.25$4.7431.4%

Groceries

ItemStevens PointNational avg.Difference
Ground Beef $4.33$3.988.7%
Fried Chicken $1.56$1.4110.9%
Milk $1.74$2.0615.8%
Potatoes $2.12$2.9828.8%
Pizza $10.66$9.4712.6%
Beer $7.80$8.7911.3%

Health Care

ItemStevens PointNational avg.Difference
Optometrist $115.92$101.0414.7%
Doctor $153.30$107.4442.7%
Dentist $85.22$90.425.7%
Ibuprofen $9.49$9.282.3%
Lipitor $409.19$426.504.1%

Housing

ItemStevens PointNational avg.Difference
Home Price $113,600.00$175,700.0035.3%
Avg. Mortgage Payment $1,034.50$1,133.238.7%
Apartment Rent $659.00$920.0028.4%

Transportation

ItemStevens PointNational avg.Difference
Gasoline $2.08$1.994.3%
Tire Balancing $33.03$45.7627.8%

Utilities

ItemStevens PointNational avg.Difference
All Electricity$142.66$163.8112.9%
Phone $28.88$28.391.7%
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.
Junction City, WI45782-18%
Wisconsin Rapids, WI18,16283-17%
Milladore, WI24583-17%
Bancroft, WI60783-17%
Rosholt, WI45384-16%
Stevens Point, WI26,77886-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Riding, VA26,76215454%
Anderson, SC26,79893-7%
McHenry, IL26,80397-3%
French Valley, CA26,75313131%
Garner, NC26,7231011%
Stevens Point, WI26,77886-14%
Source: The Stevens Point, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.