Cost of Living in New Richmond, WI

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A+
1%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
4%
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 New Richmond Wisconsin National
Cost of living10196100
Groceries9999100
Health care9998100
Housing10489100
Transportation9898100
Utilities103101100
Lifestyle & Entertainment10298100
Household Items9799100
Education & Childcare10598100
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Homes For Sale In New Richmond, WI

property for sale

1471 Otter Way

New Richmond, WI
property for sale

1451 136th Ave

New Richmond, WI
property for sale

The Hillcrest Raccoon LN

New Richmond, WI
property for sale

The Augusta Villa Raccoon LN

New Richmond, WI

Cost Of Living Quick Facts

  • The cost of living in New Richmond is 6% higher than the Wisconsin average
  • The cost of living in New Richmond is 1% higher than the national average
  • New Richmond housing is 4% 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

Most Affordable Places to Live in and Around New Richmond

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      Salary Calculator

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      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$138,268$11,522$3,226$4,148
      Renters$61,965$5,164$1,446$1,859
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New Richmond, 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 New Richmond homeowners, is $138,268. This would allow for a maximum of $3,226 per month to be spent on housing costs. For renters, the median monthly income is $61,965 which would result in a maximum of $1,446 to be spent on rental costs.

      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.
      Houlton, WI1091000.0%
      Emerald, WI2348911.3%
      Clear Lake, WI1,137918.8%
      Deer Park, WI266928.2%
      Amery, WI2,879937.3%
      New Richmond, WI9,4791011.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Clinton, OK9,4798514.6%
      Aransas Pass, TX9,480964.4%
      Incline Village, NV9,47618988.8%
      Greenville, NY9,476203103.2%
      Lancaster, SC9,482946.2%
      New Richmond, WI9,4791011.2%
      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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