| Index | Verona | Wisconsin | National |
| Cost of living | 117 | 96 | 100 |
| Groceries | 97 | 99 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 162 | 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 |
Getting a feel for the cost of living in Verona is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Verona is 117, which is 17% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs significantly influence the Verona cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 61.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Verona affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Verona, for instance, where the median home price falls 74.3% higher than the national average, and monthly rent rates are 32.8% higher than usual. Additionally, median income levels contribute to the equation, with Verona flaunting a median household income of $145,200, 78.5% higher than the national norm.
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 Verona, healthcare costs are 1% lower than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Verona starts at 5% and the income tax rates start at 3.54%.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
The Verona cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for 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 | $182,145 | $15,179 | $4,250 | $5,465 |
| Renters | $63,786 | $5,316 | $1,488 | $1,914 |
| 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. |
| Black Earth, WI | 1,426 | 99 | 1.4% |
| New Glarus, WI | 2,115 | 98 | 1.9% |
| Evansville, WI | 5,489 | 99 | 1.3% |
| Belleville, WI | 2,763 | 99 | 1.2% |
| Mazomanie, WI | 1,754 | 100 | 0.4% |
| Verona, WI | 13,552 | 117 | 17.0% |
| City | Population | Cost of Living Index | National Avg. |
| Bécancour, QC | 13,552 | n/a | |
| Bardstown, KY | 13,551 | 90 | 9.5% |
| Central Elgin, ON | 13,549 | n/a | |
| Bedford, IN | 13,557 | 87 | 12.8% |
| Coatesville, PA | 13,546 | 96 | 3.6% |
| Verona, WI | 13,552 | 117 | 17.0% |
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