Stoughton, Wisconsin Cost Of Living

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D+

Overall 3%

Goods & Services 4%

Housing 3%

Date & Last Updated: This data reflects 2021 and was released from C2ER in January, 2022; 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	Stoughton	Wisconsin	National
Cost of living	103	96	100
Goods & Services	104	99	100
Groceries	106	100	100
Health care	122	112	100
Housing	97	88	100
Transportation	105	99	100
Utilities	102	100	100

Key findings

The cost of living in Stoughton is 7% higher than the Wisconsin average
The cost of living in Stoughton is 3% higher than the national average
Stoughton housing is 3% lower than 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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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	$76,971	$6,414	$1,796	$2,309
Renters	$32,500	$2,708	$758	$975

The affordability of the housing market in Stoughton, WI as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Stoughton homeowners, the median income is $76,971. This indicates that a monthly maximum of $1,796 should be spent by homeowners on all housing related costs. Renters have a median income of $32,500. This indicates that renters would have a maximum of $758 for their rent related monthly 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	4%	7.65%

Goods & Services

Item	Stoughton	National avg.	Difference
Haircut	$22.33	$20.27	10.2%
Beauty Salon	$53.17	$40.39	31.6%
Toothpaste	$2.17	$2.36	8.2%
Shampoo	$1.21	$1.08	12.1%
Movie	$10.93	$10.99	0.5%
Bowling	$20.78	$15.49	34.1%

Groceries

Item	Stoughton	National avg.	Difference
Ground Beef	$4.31	$4.30	0.3%
Fried Chicken	$1.55	$1.40	10.5%
Milk	$2.27	$2.20	2.9%
Potatoes	$2.90	$3.22	9.9%
Pizza	$10.32	$10.74	3.9%
Beer	$8.43	$9.60	12.1%

Health Care

Item	Stoughton	National avg.	Difference
Optometrist	$66.22	$109.73	39.6%
Doctor	$205.50	$118.34	73.7%
Dentist	$120.55	$100.94	19.4%
Ibuprofen	$11.41	$9.93	14.9%
Lipitor	$486.79	$469.53	3.7%

Housing

Item	Stoughton	National avg.	Difference
Home Price	$182,400.00	$184,700.00	1.2%
Avg. Mortgage Payment	$1,397.68	$1,229.62	13.7%
Apartment Rent	$871.00	$949.00	8.2%

Transportation

Item	Stoughton	National avg.	Difference
Gasoline	$2.60	$2.71	4.2%
Tire Balancing	$62.00	$51.86	19.6%

Utilities

Item	Stoughton	National avg.	Difference
All Electricity	$179.45	$170.84	5.0%
Phone	$182.84	$187.18	2.3%

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, State	Population	Cost of Living Index	National Avg.
Albany, WI	1,225	93	-7%
Edgerton, WI	5,494	96	-4%
Milton, WI	5,574	96	-4%
Evansville, WI	5,176	99	-1%
Cambridge, WI	1,179	102	2%
Stoughton, WI	13,041	103	3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Oakland, NJ	13,041	135	35%
Hampton Bays, NY	13,040	145	45%
Seabrook, TX	13,038	102	2%
Worthington, MN	13,036	84	-16%
Val-des-Monts, QC	13,035	n/a
Stoughton, WI	13,041	103	3%

Source: The Stoughton, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2021.