Brown Deer cost of living index

Here we can see a simple outline of the cost of living in Brown Deer, WI. As you can see, with the average cost of living in Brown Deer, WI being 94, that puts it 2% lower than the average of Wisconsin and 6% 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 Brown Deer, WI, the price of goods and services are 3% lower than the average of Wisconsin as well as 5% lower than the nation's average.

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Salary Calculator

Using the salary calculator lets you compare the salary you earn in Brown Deer, WI to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Brown Deer, WI, you have to earn a higher income in order to still have the same standard of living. To operate the Brown Deer, WI salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Brown Deer, WI as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Brown Deer, WI homeowners, is $71,515. This would allow for a maximum of $1,669 per month to be spent on housing costs. For renters, the median monthly income is $32,465 which would result in a maximum of $757 to be spent on rental costs.

Wisconsin Sales Tax

Wisconsin Income Tax

One thing to keep in mind when considering the cost of living in Brown Deer, 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

Groceries

Health Care

Housing

Transportation

Utilities

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.

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