Tomah, WI Cost Of Living

Tomah 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.
Index	Tomah	Wisconsin	National
Cost of living index	87	96	100
Index	Tomah	Wisconsin	National
Goods & Services index	92	97	100
Groceries index	95	97	100
Health care index	112	114	100
Housing index	70	88	100
Transportation index	95	100	100
Utilities index	90	102	100

Here we can see a simple outline of the cost of living in Tomah, WI. As you can see, with the average cost of living in Tomah, WI being 87, that puts it 9% lower than the average of Wisconsin and 13% 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 Tomah, WI, the price of goods and services are 5% lower than the average of Wisconsin as well as 8% lower than the nation's average.

Did you know?

The cost of living in Tomah is 9% lower than the Wisconsin average.
The cost of living in Tomah is 13% lower than the national average.
The cost of housing in Tomah is 30% lower than the national average.
Wisconsin general sales tax is 2% lower than the national average.
Wisconsin state income tax is 80% higher than the national average.

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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 allows you to compare how much your current salary in Tomah, WI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Tomah, WI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Tomah, WI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,659	$4,888	$1,369	$1,760
Renters	$36,143	$3,012	$843	$1,084

The affordability of the housing market in Tomah, WI as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Tomah, WI homeowners, the median income is $58,659. This indicates that a monthly maximum of $1,369 should be spent by homeowners on all housing related costs. Renters have a median income of $36,143. This indicates that renters should have a maximum of $843 used for their rent related monthly costs.

Wisconsin Sales Tax

State	General Sales Tax	With Max Surtax
Wisconsin	5%	6.75%

Wisconsin Income Tax

State	Income Tax (Low)	Income Tax (High)
Wisconsin	4%	7.65%

For those who live in Tomah, 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 6.75%. 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% to 7.65%.

Goods & Services

Item	Tomah	National avg.	Difference
Haircut	$13.87	$16.09	13.8%
Beauty Salon	$20.81	$37.33	44.3%
Toothpaste	$1.79	$2.45	27.0%
Shampoo	$0.93	$1.00	7.1%
Movie	$9.00	$10.28	12.5%
Bowling	$3.25	$4.93	34.1%

Groceries

Item	Tomah	National avg.	Difference
Ground Beef	$4.16	$3.80	9.5%
Fried Chicken	$1.49	$1.40	6.7%
Milk	$1.69	$2.01	15.7%
Potatoes	$2.14	$3.01	28.9%
Pizza	$9.00	$9.89	9.0%
Beer	$8.01	$8.90	10.0%

Health Care

Item	Tomah	National avg.	Difference
Optometrist	$125.40	$102.16	22.8%
Doctor	$157.40	$108.36	45.3%
Dentist	$86.00	$92.53	7.1%
Ibuprofen	$9.16	$9.28	1.3%
Lipitor	$429.60	$425.82	0.9%

Housing

Item	Tomah	National avg.	Difference
Home Price	$117,000.00	$184,700.00	36.7%
Avg. Mortgage Payment	$1,083.65	$1,202.44	9.9%
Apartment Rent	$824.00	$949.00	13.2%

Transportation

Item	Tomah	National avg.	Difference
Gasoline	$2.35	$2.24	4.7%
Tire Balancing	$34.34	$46.29	25.8%

Utilities

Item	Tomah	National avg.	Difference
All Electricity	$141.03	$165.96	15.0%
Phone	$27.90	$28.68	2.7%

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, State	Population	Cost of Living Index	National Avg.
Tunnel City, WI	162	80	-20%
Norwalk, WI	632	81	-19%
Hustler, WI	186	82	-18%
Kendall, WI	522	82	-18%
Camp Douglas, WI	621	83	-17%
Tomah, WI	9,380	87	-13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Decatur, IN	9,384	85	-15%
New Albany, OH	9,384	138	38%
Mount Airy, MD	9,376	133	33%
Rockcreek, OR	9,384	125	25%
Rochelle, IL	9,385	86	-14%
Tomah, WI	9,380	87	-13%

Source: The Tomah, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Tomah, WI Cost of Living