Whitefish Bay, WI Cost Of Living

Whitefish Bay 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	Whitefish Bay	Wisconsin	National
Cost of living index	120	96	100
Index	Whitefish Bay	Wisconsin	National
Goods & Services index	95	97	100
Groceries index	98	97	100
Health care index	113	114	100
Housing index	170	88	100
Transportation index	96	100	100
Utilities index	107	102	100

Displayed above is a general overview of the Whitefish Bay, WI cost of living index. The overall cost of living index in Whitefish Bay, WI is 120, which is 25% higher than the Wisconsin average and 20% higher 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 Whitefish Bay, WI are 3% lower than the Wisconsin average and 5% lower than the national average.

Did you know?

The cost of living in Whitefish Bay is 25% higher than the Wisconsin average.
The cost of living in Whitefish Bay is 20% higher than the national average.
The cost of housing in Whitefish Bay is 70% higher 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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Salary Calculator

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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 is meant to help you compare your salary in Whitefish Bay, 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 Whitefish Bay, WI, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Whitefish Bay, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$117,961	$9,830	$2,752	$3,539
Renters	$59,826	$4,986	$1,396	$1,795

If you want to find a good determining factor for the cost of living and the general affordability of housing in Whitefish Bay, 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 Whitefish Bay, WI, the median monthly income is $117,961 for those who own their own homes. Under the standard rule, that income level would allow for $2,752 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $59,826, per the median income in the area. That would allow for renters to spend up to $1,396 on monthly rental expenses.

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%

One thing to keep in mind when considering the cost of living in Whitefish Bay, WI is the Wisconsin sales tax and Wisconsin income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Wisconsin sales tax rate is 5% and the maximum surtax that can be charged is 6.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Wisconsin income tax rates range from 4% to 7.65%.

Goods & Services

Item	Whitefish Bay	National avg.	Difference
Haircut	$16.73	$16.09	4.0%
Beauty Salon	$34.01	$37.33	8.9%
Toothpaste	$2.07	$2.45	15.4%
Shampoo	$0.97	$1.00	2.8%
Movie	$10.52	$10.28	2.4%
Bowling	$3.85	$4.93	21.9%

Groceries

Item	Whitefish Bay	National avg.	Difference
Ground Beef	$3.74	$3.80	1.7%
Fried Chicken	$1.95	$1.40	39.6%
Milk	$1.85	$2.01	7.9%
Potatoes	$2.02	$3.01	32.8%
Pizza	$8.95	$9.89	9.4%
Beer	$7.76	$8.90	12.8%

Health Care

Item	Whitefish Bay	National avg.	Difference
Optometrist	$53.85	$102.16	47.3%
Doctor	$163.66	$108.36	51.0%
Dentist	$98.09	$92.53	6.0%
Ibuprofen	$9.39	$9.28	1.2%
Lipitor	$406.92	$425.82	4.4%

Housing

Item	Whitefish Bay	National avg.	Difference
Home Price	$350,700.00	$184,700.00	89.9%
Avg. Mortgage Payment	$1,146.55	$1,202.44	4.6%
Apartment Rent	$1,175.00	$949.00	23.8%

Transportation

Item	Whitefish Bay	National avg.	Difference
Gasoline	$2.27	$2.24	1.2%
Tire Balancing	$38.95	$46.29	15.8%

Utilities

Item	Whitefish Bay	National avg.	Difference
All Electricity	$160.58	$165.96	3.2%
Phone	$34.53	$28.68	20.4%

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.
Milwaukee, WI	598,672	89	-11%
West Milwaukee, WI	4,214	91	-9%
West Allis, WI	60,543	92	-8%
St. Francis, WI	9,516	92	-8%
Cudahy, WI	18,321	93	-7%
Whitefish Bay, WI	14,088	120	20%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Mount Washington, KY	14,088	92	-8%
Chaparral, NM	14,095	80	-20%
Fort Payne, AL	14,101	85	-15%
Reidsville, NC	14,107	84	-16%
Red Bluff, CA	14,065	100	0%
Whitefish Bay, WI	14,088	120	20%

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

Whitefish Bay, WI Cost of Living