Cost of Living in Balsam Lake, WI

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8%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
24%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Balsam Lake Wisconsin National
Cost of living9296100
Groceries9899100
Health care9898100
Housing7689100
Transportation9898100
Utilities108101100
Lifestyle & Entertainment10098100
Household Items9999100
Education & Childcare9698100
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Homes For Sale In Balsam Lake, WI

property for sale

1280 150th Ave

Balsam Lake, WI
property for sale

1343 165th Ave

Balsam Lake, WI
property for sale

699 Idlewild St #4

Balsam Lake, WI
property for sale

1695 White Ash Way Unit C

Balsam Lake, WI

Cost Of Living Quick Facts

  • The cost of living in Balsam Lake is 4% lower than the Wisconsin average
  • The cost of living in Balsam Lake is 8% lower than the national average
  • Balsam Lake housing is 24% lower than the national average
  • Wisconsin general sales tax is 2% lower than the national average
  • Wisconsin state income tax is 36% higher than the national average

Most Affordable Places to Live in and Around Balsam Lake

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$75,874$6,323$1,770$2,276
      Renters$49,313$4,109$1,151$1,480

      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 3.54% 7.65%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Milltown, WI1,0308415.7%
      Centuria, WI1,1078613.6%
      Turtle Lake, WI9188812.0%
      Luck, WI1,1998812.2%
      Frederic, WI1,1998911.1%
      Balsam Lake, WI901927.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cameron, AZ9018415.6%
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      Miner, MO9018416.5%
      Saint-Justin, QC901n/a 
      Acalanes Ridge, CA902275174.7%
      Balsam Lake, WI901927.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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