B+
2%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
5%
Housing NAT. AVG.
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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 Mount Pleasant Wisconsin National
Cost of living10296100
Goods & Services9997100
Groceries10399100
Health care111112100
Housing10588100
Transportation9998100
Utilities105102100

An Overview of Cost of Living in Mount Pleasant, WI

Getting a feel for the cost of living in Mount Pleasant 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 Mount Pleasant is 102, which is 2% 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.

In Mount Pleasant, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Mount Pleasant will resemble that of an average city, contributing to a manageable cost of living.

Is Mount Pleasant Affordable?

Is Mount Pleasant 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 Mount Pleasant, for instance, where the median home price falls 12.2% higher than the national average, and monthly rent rates are 10.4% lower than usual. Additionally, median income levels contribute to the equation, with Mount Pleasant flaunting a median household income of $72,309, 30.7% higher than the national norm.

What Factors can Influence the Cost of Living in Mount Pleasant?

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Mount Pleasant, the utilities index registers 5.1% 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 Mount Pleasant, the housing index is 5.4% higher than the national average.

Where is the Data From?

The Mount Pleasant cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Mount Pleasant is 7% higher than the Wisconsin average
  • The cost of living in Mount Pleasant is 2% higher than the national average
  • Mount Pleasant housing is 5% 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 Mount Pleasant

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Compare Mount Pleasant, WI Cost of Living

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      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$82,890$6,908$1,934$2,487
      Renters$43,341$3,612$1,011$1,300
      A good indicator of the general affordability of housing in Mount Pleasant, WI, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Mount Pleasant, the median monthly income is $82,890 for those who own their own homes. Under the standard rule, that income level would allow for $1,934 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $43,341, per the median income in the area. That would allow for renters to spend up to $1,011 on monthly rental expenses.

      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 Mount Pleasant 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 Mount Pleasant 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 Mount Pleasant 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 Mount Pleasant National avg. Difference
      Home Price $207,300.00$184,700.0012.2%
      Avg. Mortgage Payment $1,879.64$2,346.6919.9%
      Apartment Rent $850.00$949.0010.4%

      Transportation

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

      Utilities

      Item Mount Pleasant 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.
      Racine, WI76,893927.9%
      Camp Lake, WI4,175972.5%
      Kenosha, WI99,767982.3%
      South Milwaukee, WI20,857982.1%
      Eagle Lake, WI1,010991.5%
      Mount Pleasant, WI27,0081022.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      New London, CT27,0011066.1%
      West Chicago, IL26,9981109.8%
      Maryland Heights, MO26,996945.9%
      Norco, CA27,02115858.3%
      Magna, UT27,0291098.8%
      Mount Pleasant, WI27,0081022.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.