| Index | Stoughton | Wisconsin | National |
| Cost of living | 103 | 96 | 100 |
| Groceries | 97 | 99 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 115 | 89 | 100 |
| Transportation | 96 | 98 | 100 |
| Utilities | 104 | 101 | 100 |
| Lifestyle & Entertainment | 98 | 98 | 100 |
| Household Items | 98 | 99 | 100 |
| Education & Childcare | 94 | 98 | 100 |
The cost of living in Stoughton affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Stoughton is 103, which is 3% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Stoughton aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Stoughton residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Stoughton an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Stoughton is 21.7% higher than the national average, while the average monthly rent prices are 1% lower than average. The affordability of any location can also be influenced by median income levels. Stoughton has a median household income of $96,663, which is 18.8% higher than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Stoughton, the baseline sales tax rate begins at 5%, and income tax rates start at 3.54%.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The Stoughton cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $121,307 | $10,109 | $2,830 | $3,640 |
| Renters | $61,309 | $5,109 | $1,430 | $1,839 |
| State | General Sales Tax | With Max Surtax |
| Wisconsin | 5% | 6.75% |
| State | Income Tax (Low) | Income Tax (High) |
| Wisconsin | 3.54% | 7.65% |
| City | Population | Cost of Living Index | National Avg. |
| Albany, WI | 1,108 | 91 | 9.1% |
| Milton, WI | 5,765 | 95 | 4.9% |
| Edgerton, WI | 5,773 | 95 | 4.8% |
| Rockdale, WI | 216 | 98 | 1.9% |
| Evansville, WI | 5,489 | 99 | 1.3% |
| Stoughton, WI | 13,411 | 103 | 2.9% |
| City | Population | Cost of Living Index | National Avg. |
| Azle, TX | 13,412 | 102 | 1.9% |
| North Palm Beach, FL | 13,409 | 128 | 28.0% |
| Henderson, TX | 13,408 | 93 | 7.5% |
| Annapolis Neck, MD | 13,406 | 170 | 70.4% |
| Las Vegas, NM | 13,406 | 87 | 12.9% |
| Stoughton, WI | 13,411 | 103 | 2.9% |
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