In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
A general summary of the cost of living index in Reedsburg, WI is shown above. Compared to the state average of Wisconsin the cost of living index in Reedsburg, WI is 96, which is equal to the average in Wisconsin and compared to the national average it is 4% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Reedsburg, WI goods and services come in at 9% higher than the average in Wisconsin and are 6% higher than compared to the nationwide average.
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Did you know?
The cost of living in Reedsburg is equal to the Wisconsin average.
The cost of living in Reedsburg is 4% lower than the national average.
The cost of housing in Reedsburg is 29% lower than the national average.
Wisconsin general sales tax is 2% lower than the national average.
Wisconsin state income tax is 80% higher than the national average.
Compare Reedsburg, WI Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is used in order to provide a comparison of your current salary in Reedsburg, WI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Reedsburg, WI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Reedsburg, WI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
The affordability of the housing market in Reedsburg, WI as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Reedsburg, WI homeowners, the median income is $68,935. This indicates that a monthly maximum of $1,608 should be spent by homeowners on all housing related costs. Renters have a median income of $27,976. This indicates that renters should have a maximum of $653 used for their rent related monthly costs.
Wisconsin Sales Tax
General Sales Tax
With Max Surtax
Wisconsin Income Tax
Income Tax (Low)
Income Tax (High)
When you are determining the total cost of living in Reedsburg, WI you will want to make sure you consider both the Wisconsin sales tax and the Wisconsin income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Wisconsin is 5%, with the highest surtax being 6.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Wisconsin have a range from 4% to 7.65%.
Goods & Services
Avg. Mortgage Payment
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.