Overall 4%
Goods & Services 6%
Housing 0%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; 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.
IndexLake EdgeMadisonWisconsin
Cost of living10410896
Goods & Services10610698
Health care124124113

Key findings

  • The cost of living in Lake Edge is 9% higher than the Madison average
  • The cost of living in Lake Edge is 4% higher than the national average
  • Lake Edge housing is equal to the national average
  • Wisconsin general sales tax is 2% lower than the national average
  • Wisconsin state income tax is 62% higher than the national average

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Compare Madison, WI Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)

      Wisconsin Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Wisconsin Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemMadisonNational avg.Difference
      Haircut $18.66$18.620.2%
      Beauty Salon $48.44$39.0524.1%
      Toothpaste $2.36$2.340.9%
      Shampoo $1.17$1.0610.4%
      Movie $10.98$10.682.7%
      Bowling $22.33$14.6752.2%


      ItemMadisonNational avg.Difference
      Ground Beef $4.41$4.224.4%
      Fried Chicken $1.61$1.3916.2%
      Milk $2.26$2.0510.1%
      Potatoes $2.55$3.2922.6%
      Pizza $10.49$10.621.3%
      Beer $8.27$9.3811.9%

      Health Care

      ItemMadisonNational avg.Difference
      Optometrist $57.00$108.5747.5%
      Doctor $201.33$116.1773.3%
      Dentist $113.22$99.1314.2%
      Ibuprofen $11.23$9.6816.1%
      Lipitor $494.30$466.925.9%


      ItemMadisonNational avg.Difference
      Home Price $217,000.00$184,700.0017.5%
      Avg. Mortgage Payment $1,407.02$1,197.4217.5%
      Apartment Rent $959.00$949.001.1%


      ItemMadisonNational avg.Difference
      Gasoline $2.18$2.222.2%
      Tire Balancing $56.17$50.0712.2%


      ItemMadisonNational avg.Difference
      All Electricity$169.31$167.671.0%
      Phone $179.44$175.642.2%
      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, StatePopulationCost of Living IndexNational Avg.
      Marshall, WI3,9341011%
      Cambridge, WI1,1791033%
      Stoughton, WI13,0411033%
      Deerfield, WI2,4881044%
      Rockdale, WI2261044%
      Madison, WI246,0341088%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Norfolk, VA245,7241066%
      Irvine, CA246,99218080%
      Lubbock, TX244,50787-13%
      Chandler, AZ242,1311099%
      Laredo, TX251,67180-20%
      Madison, WI246,0341088%
      Source: The Lake Edge, Madison, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.