Cost Of Living in Fox Point, WI

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F

22%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

71%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Fox Point	Wisconsin	National
Cost of living	122	96	100
Goods & Services	99	97	100
Groceries	103	99	100
Health care	111	112	100
Housing	171	88	100
Transportation	99	98	100
Utilities	105	102	100

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Cost Of Living Quick Facts

The cost of living in Fox Point is 27% higher than the Wisconsin average
The cost of living in Fox Point is 22% higher than the national average
Fox Point housing is 71% higher 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

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$140,550	$11,713	$3,279	$4,217
Renters	$61,325	$5,110	$1,431	$1,840

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Fox Point, WI, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Fox Point, homeowners have a median income of $140,550. Using that number, a maximum of $3,279 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $61,325, which means there is a maximum of $1,431 to be spent on the costs of renting a home or apartment.

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%

Goods & Services

Item	Fox Point	National avg.	Difference
Haircut	$20.21	$24.26	16.7%
Beauty Salon	$33.25	$45.56	27.0%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.07	$1.28	16.6%
Movie	$10.26	$12.13	15.5%
Bowling	$10.03	$18.00	44.3%

Groceries

Item	Fox Point	National avg.	Difference
Ground Beef	$6.05	$5.84	3.5%
Fried Chicken	$1.46	$1.57	7.3%
Milk	$4.55	$4.67	2.7%
Potatoes	$4.10	$4.93	17.0%
Pizza	$11.33	$12.09	6.3%
Beer	$8.52	$10.41	18.2%

Health Care

Item	Fox Point	National avg.	Difference
Optometrist	$278.65	$125.68	121.7%
Doctor	$223.73	$135.78	64.8%
Dentist	$106.79	$113.29	5.7%
Ibuprofen	$10.29	$10.65	3.4%
Lipitor	$469.65	$468.60	0.2%

Housing

Item	Fox Point	National avg.	Difference
Home Price	$336,000.00	$184,700.00	81.9%
Avg. Mortgage Payment	$1,879.64	$2,346.69	19.9%
Apartment Rent	$1,376.00	$949.00	45.0%

Transportation

Item	Fox Point	National avg.	Difference
Gasoline	$3.30	$3.46	4.5%
Tire Balancing	$44.14	$59.92	26.3%

Utilities

Item	Fox Point	National avg.	Difference
All Electricity	$182.69	$193.99	5.8%
Phone	$185.79	$192.25	3.4%

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	Population	Cost of Living Index	National Avg.
Milwaukee, WI	592,649	93	6.5%
West Milwaukee, WI	4,128	94	5.7%
West Allis, WI	59,861	96	4.4%
Lannon, WI	1,184	96	4.2%
St. Francis, WI	9,600	96	4.1%
Fox Point, WI	6,623	122	21.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bermuda Dunes, CA	6,626	135	35.1%
Litchfield, IL	6,626	81	19.1%
Red Chute, LA	6,619	96	3.8%
Trinity, NC	6,619	91	9.1%
Kentville, NS	6,619	n/a
Fox Point, WI	6,623	122	21.9%