Cost Of Living in Monona, 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	Monona	Wisconsin	National
Cost of living	116	96	100
Goods & Services	106	97	100
Groceries	102	99	100
Health care	120	112	100
Housing	140	88	100
Transportation	101	98	100
Utilities	109	102	100

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Cost Of Living Quick Facts

The cost of living in Monona is 21% higher than the Wisconsin average
The cost of living in Monona is 16% higher than the national average
Monona housing is 40% 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

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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	$105,072	$8,756	$2,452	$3,152
Renters	$39,802	$3,317	$929	$1,194

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Monona, WI, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Monona homeowners, is $105,072. This would allow for a maximum of $2,452 per month to be spent on housing costs. For renters, the median monthly income is $39,802 which would result in a maximum of $929 to be spent on rental 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	3.54%	7.65%

Goods & Services

Item	Monona	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	Monona	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	Monona	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	Monona	National avg.	Difference
Home Price	$288,700.00	$184,700.00	56.3%
Avg. Mortgage Payment	$2,571.07	$2,346.69	9.6%
Apartment Rent	$961.00	$949.00	1.3%

Transportation

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

Utilities

Item	Monona	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.
Edgerton, WI	5,594	100	0.2%
Belleville, WI	2,682	104	3.8%
Marshall, WI	3,975	105	4.6%
Brooklyn, WI	1,212	106	5.9%
Deerfield, WI	2,553	108	7.6%
Monona, WI	8,141	116	16.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Nanaimo G, BC	8,140	n/a
Brockport, NY	8,142	90	10.0%
Mukwonago, WI	8,142	108	8.2%
Alliance, NE	8,139	90	10.3%
Wading River, NY	8,139	150	50.0%
Monona, WI	8,141	116	16.0%

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 Monona, WI