F
25%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
68%
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 Waunakee Wisconsin National
Cost of living12596100
Goods & Services10697100
Groceries10299100
Health care120112100
Housing16888100
Transportation10198100
Utilities109102100

An Overview of Cost of Living in Waunakee, WI

Are you thinking about relocating, but curious about the potential cost of living in Waunakee? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Waunakee stands at 125, making it 25% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If you value affordability in your search for a new place to live, Waunakee may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Waunakee falls into this category, which may not align with your desire for an affordable place to call home.

When it comes to the cost of living in Waunakee, 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 68% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Waunakee Affordable?

Is Waunakee 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 Waunakee, the median home price is 93.9% higher than the national average and monthly rent prices are 7.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Waunakee boasting a median household income of $114,983, 107.8% higher than the national average.

What Factors can Influence the Cost of Living in Waunakee?

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Waunakee, the transportation index is 1.3% 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 Waunakee, the housing index is 68% higher than the national average.

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 Waunakee, the utilities index registers at 9.2% higher than the national average.

Where is the Data From?

The cost of living in Waunakee, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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

Cost Of Living Quick Facts

  • The cost of living in Waunakee is 30% higher than the Wisconsin average
  • The cost of living in Waunakee is 25% higher than the national average
  • Waunakee housing is 68% 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 Waunakee

See all the best places to live around Waunakee

Compare Waunakee, WI Cost of Living

      vs
      How would you rate the cost of living in Waunakee?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Waunakee?
      Write a review to give others more information about this area.
      See all Waunakee 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$137,266$11,439$3,203$4,118
      Renters$46,713$3,893$1,090$1,402
      The affordability of the housing market in Waunakee, WI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Waunakee homeowners, the median income is $137,266. This indicates that a monthly maximum of $3,203 should be spent by homeowners on all housing related costs. Renters have a median income of $46,713. This indicates that renters would have a maximum of $1,090 for their rent related monthly 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 Waunakee National avg. Difference
      Haircut $24.26$24.260.0%
      Beauty Salon $66.46$45.5645.9%
      Toothpaste $3.76$3.701.7%
      Shampoo $1.22$1.284.8%
      Movie $12.47$12.132.8%
      Bowling $27.76$18.0054.2%

      Groceries

      Item Waunakee National avg. Difference
      Ground Beef $6.27$5.847.4%
      Fried Chicken $1.45$1.578.1%
      Milk $4.79$4.672.5%
      Potatoes $4.20$4.9315.0%
      Pizza $10.96$12.099.3%
      Beer $8.82$10.4115.3%

      Health Care

      Item Waunakee National avg. Difference
      Optometrist $70.37$125.6844.0%
      Doctor $222.85$135.7864.1%
      Dentist $122.45$113.298.1%
      Ibuprofen $10.72$10.650.6%
      Lipitor $506.88$468.608.2%

      Housing

      Item Waunakee National avg. Difference
      Home Price $358,100.00$184,700.0093.9%
      Avg. Mortgage Payment $2,571.07$2,346.699.6%
      Apartment Rent $1,022.00$949.007.7%

      Transportation

      Item Waunakee National avg. Difference
      Gasoline $3.39$3.462.0%
      Tire Balancing $65.66$59.929.6%

      Utilities

      Item Waunakee National avg. Difference
      All Electricity $226.90$193.9917.0%
      Phone $185.25$192.253.6%
      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.
      Poynette, WI2,5071055.1%
      Sauk City, WI3,4811065.7%
      Merrimac, WI6721077.1%
      Lodi, WI3,0731099.1%
      Arlington, WI79211010.0%
      Waunakee, WI13,90312524.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      North Mankato, MN13,9031000.2%
      Pierre, SD13,908937.2%
      Loveland, OH13,9111066.1%
      Hudson, WI13,9121098.7%
      Whitefish Bay, WI13,89012726.8%
      Waunakee, WI13,90312524.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.