Cost Of Living in Milton, WI

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	Milton	Wisconsin	National
Cost of living	100	96	100
Goods & Services	106	97	100
Groceries	102	99	100
Health care	120	112	100
Housing	87	88	100
Transportation	101	98	100
Utilities	109	102	100

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Cost Of Living Quick Facts

The cost of living in Milton is 5% higher than the Wisconsin average
The cost of living in Milton is equal to the national average
Milton housing is 13% lower 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

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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	$83,478	$6,957	$1,948	$2,505
Renters	$47,426	$3,952	$1,107	$1,423

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Milton, 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 Milton, homeowners have a median income of $83,478. Using that number, a maximum of $1,948 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $47,426, which means there is a maximum of $1,107 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	Milton	National avg.	Difference
Haircut	$24.26	$24.26	0.0%
Beauty Salon	$66.46	$45.56	45.9%
Toothpaste	$3.76	$3.70	1.7%
Shampoo	$1.22	$1.28	4.8%
Movie	$12.47	$12.13	2.8%
Bowling	$27.76	$18.00	54.2%

Groceries

Item	Milton	National avg.	Difference
Ground Beef	$6.27	$5.84	7.4%
Fried Chicken	$1.45	$1.57	8.1%
Milk	$4.79	$4.67	2.5%
Potatoes	$4.20	$4.93	15.0%
Pizza	$10.96	$12.09	9.3%
Beer	$8.82	$10.41	15.3%

Health Care

Item	Milton	National avg.	Difference
Optometrist	$70.37	$125.68	44.0%
Doctor	$222.85	$135.78	64.1%
Dentist	$122.45	$113.29	8.1%
Ibuprofen	$10.72	$10.65	0.6%
Lipitor	$506.88	$468.60	8.2%

Housing

Item	Milton	National avg.	Difference
Home Price	$156,600.00	$184,700.00	15.2%
Avg. Mortgage Payment	$2,571.07	$2,346.69	9.6%
Apartment Rent	$875.00	$949.00	7.8%

Transportation

Item	Milton	National avg.	Difference
Gasoline	$3.39	$3.46	2.0%
Tire Balancing	$65.66	$59.92	9.6%

Utilities

Item	Milton	National avg.	Difference
All Electricity	$226.90	$193.99	17.0%
Phone	$185.25	$192.25	3.6%

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.
Hanover, WI	119	82	18.3%
Footville, WI	1,018	86	13.9%
Janesville, WI	64,415	91	8.9%
Darien, WI	1,471	92	8.5%
Edgerton, WI	5,594	100	0.2%
Milton, WI	5,594	100	0.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Berryville, AR	5,594	85	15.0%
Edgerton, WI	5,594	100	0.2%
Woodside, CA	5,593	332	232.4%
Sansom Park, TX	5,593	93	7.3%
Greenview No. 16, AB	5,593	n/a
Milton, WI	5,594	100	0.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Milton, WI