B-
7%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
21%
Housing NAT. AVG.
Search Homes for Sale
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 Grafton Wisconsin National
Cost of living10796100
Goods & Services9997100
Groceries10399100
Health care111112100
Housing12188100
Transportation9998100
Utilities105102100

An Overview of Cost of Living in Grafton, WI

Getting a feel for the cost of living in Grafton 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 Grafton is 107, which is 7% 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.

The cost of living in Grafton aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Grafton 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.

When it comes to the cost of living in Grafton, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 21.1% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Grafton Affordable?

Is Grafton affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Grafton, the median home price is 30.5% higher than the national average and monthly rent prices are 0.8% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Grafton boasting a median household income of $74,918, 35.4% higher than the national average.

What Factors can Influence the Cost of Living in Grafton?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Grafton, the utilities index registers at 5.1% higher than the national average.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Grafton, the groceries index is 2.8% higher than the national average.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Grafton, the housing index is 21.1% higher than the national average.

Where is the Data From?

The Grafton cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Grafton Area
Search Homes for Sale in Grafton, WI

Cost Of Living Quick Facts

  • The cost of living in Grafton is 12% higher than the Wisconsin average
  • The cost of living in Grafton is 7% higher than the national average
  • Grafton housing is 21% higher 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 Grafton

See all the best places to live around Grafton

Compare Grafton, WI Cost of Living

      vs
      How would you rate the cost of living in Grafton?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Grafton?
      Write a review to give others more information about this area.
      See all Grafton poll results

      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$83,910$6,993$1,958$2,518
      Renters$44,583$3,715$1,040$1,338
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Grafton, 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 Grafton, homeowners have a median income of $83,910. Using that number, a maximum of $1,958 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $44,583, which means there is a maximum of $1,040 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 Grafton National avg. Difference
      Haircut $20.21$24.2616.7%
      Beauty Salon $33.25$45.5627.0%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.07$1.2816.6%
      Movie $10.26$12.1315.5%
      Bowling $10.03$18.0044.3%

      Groceries

      Item Grafton National avg. Difference
      Ground Beef $6.05$5.843.5%
      Fried Chicken $1.46$1.577.3%
      Milk $4.55$4.672.7%
      Potatoes $4.10$4.9317.0%
      Pizza $11.33$12.096.3%
      Beer $8.52$10.4118.2%

      Health Care

      Item Grafton National avg. Difference
      Optometrist $278.65$125.68121.7%
      Doctor $223.73$135.7864.8%
      Dentist $106.79$113.295.7%
      Ibuprofen $10.29$10.653.4%
      Lipitor $469.65$468.600.2%

      Housing

      Item Grafton National avg. Difference
      Home Price $241,000.00$184,700.0030.5%
      Avg. Mortgage Payment $1,879.64$2,346.6919.9%
      Apartment Rent $941.00$949.000.8%

      Transportation

      Item Grafton National avg. Difference
      Gasoline $3.30$3.464.5%
      Tire Balancing $44.14$59.9226.3%

      Utilities

      Item Grafton National avg. Difference
      All Electricity $182.69$193.995.8%
      Phone $185.79$192.253.4%
      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.
      Lannon, WI1,184964.2%
      Butler, WI1,964982.0%
      Brown Deer, WI11,987991.0%
      West Bend, WI31,587991.3%
      Kewaskum, WI4,224991.0%
      Grafton, WI11,7181077.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Webster, MA11,7191109.8%
      Florham Park, NJ11,71916463.6%
      Wanaque, NJ11,71912221.7%
      Stratford, PE11,716n/a 
      Arlington, TN11,71511010.3%
      Grafton, WI11,7181077.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.