A+
7%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
17%
Housing NAT. AVG.
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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 Platteville Wisconsin National
Cost of living9396100
Goods & Services9797100
Groceries9899100
Health care91112100
Housing8388100
Transportation10498100
Utilities94102100

An Overview of Cost of Living in Platteville, WI

Are you thinking about relocating, but curious about the potential cost of living in Platteville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Platteville stands at 93, making it 7% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Platteville closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Platteville can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is Platteville Affordable?

Wondering if Platteville is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Platteville, for example, the median home price is 15.8% lower than what folks pay nationally, and monthly rent is 19.9% lower than the usual rates. Plus, income levels matter too, with Platteville boasting a median household income of $42,626, which is 22.9% lower than the national average.

What Factors can Influence the Cost of Living in Platteville?

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Platteville, the utilities index is 6.4% lower than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Platteville, the transportation index is 3.8% higher than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Platteville, healthcare costs are 8.7% lower than the national average.

Where is the Data From?

The cost of living data in Platteville displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Platteville is 3% lower than the Wisconsin average
  • The cost of living in Platteville is 7% lower than the national average
  • Platteville housing is 17% 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 Platteville

See all the best places to live around Platteville

Compare Platteville, WI Cost of Living

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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
      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$72,404$6,034$1,689$2,172
      Renters$27,630$2,303$645$829
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Platteville, 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 Platteville, homeowners have a median income of $72,404. Using that number, a maximum of $1,689 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $27,630, which means there is a maximum of $645 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 Platteville National avg. Difference
      Haircut $23.86$24.261.7%
      Beauty Salon $34.11$45.5625.1%
      Toothpaste $3.59$3.703.0%
      Shampoo $1.36$1.286.5%
      Movie $8.68$12.1328.4%
      Bowling $15.39$18.0014.5%

      Groceries

      Item Platteville National avg. Difference
      Ground Beef $5.38$5.847.9%
      Fried Chicken $1.40$1.5710.8%
      Milk $4.77$4.672.1%
      Potatoes $4.76$4.933.6%
      Pizza $12.46$12.093.1%
      Beer $9.93$10.414.6%

      Health Care

      Item Platteville National avg. Difference
      Optometrist $127.39$125.681.4%
      Doctor $130.00$135.784.3%
      Dentist $85.78$113.2924.3%
      Ibuprofen $10.82$10.651.6%
      Lipitor $498.96$468.606.5%

      Housing

      Item Platteville National avg. Difference
      Home Price $155,600.00$184,700.0015.8%
      Avg. Mortgage Payment $1,665.29$2,346.6929.0%
      Apartment Rent $760.00$949.0019.9%

      Transportation

      Item Platteville National avg. Difference
      Gasoline $3.44$3.460.5%
      Tire Balancing $68.44$59.9214.2%

      Utilities

      Item Platteville National avg. Difference
      All Electricity $176.50$193.999.0%
      Phone $187.56$192.252.4%
      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.
      Rewey, WI2798217.7%
      Linden, WI6168514.7%
      Shullsburg, WI1,2528514.5%
      Benton, WI8528812.3%
      Livingston, WI5318811.9%
      Platteville, WI12,113937.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mackenzie County, AB12,113n/a 
      Kingsburg, CA12,11612322.5%
      Poquoson, VA12,12112322.7%
      Middle Valley, TN12,100945.8%
      Lake Tapps, WA12,12914747.3%
      Platteville, WI12,113937.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.