Beloit, WI Cost Of Living
Cost Of Living In Beloit, WI Summary
Cost of living in Beloit research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Beloit is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Beloit is 85, with 100 being the average.
The cost of living index in Beloit is 0.8x lower than the national average.
Beloit ranks as the #10 cheapest in Wisconsin out of 143.
Beloit ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Beloit is $102,100.
The median income in Beloit is $52,097.
Table Of Contents
Beloit's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Beloit, WI?
According to the most recent data on the cost of living, Beloit has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Wisconsin, Beloit has a cost of living index that's 0.9x lower than Wisconsin's index of 95.
The standard of living in Beloit ranks as #10 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Beloit ranks as the #133 most expensive place in the Badger State.
For more reading on life in Beloit, check out:
- Living In Beloit
- Beloit Crime Report
- Search Homes For Sale In Beloit, WI
In Wisconsin
In America
Beloit Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Beloit. Here is how it fairs on each of the criteria:
The Services index in Beloit is 94.
The Groceries index in Beloit is 95.
The Health index in Beloit is 109.
The Housing index in Beloit is 57.
The Transportation index in Beloit is 105.
The Utilities index in Beloit is 87.
| Living Expense | Beloit | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 85 | 95 | 100 | |
| Services | 94 | 97 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 109 | 114 | 100 | |
| Housing | 57 | 84 | 100 | |
| Transportation | 105 | 96 | 100 | |
| Utilities | 87 | 103 | 100 | |
Beloit, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Beloit is $102,100.
The Median Rent in Beloit is $852.
The Median Income in Beloit is $52,097.
The Home Value To Income in Beloit is 2.0x.
The Rent To Monthly Income in Beloit is 0.2x.
| Statistic | Beloit | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $102,100 | $200,400 | $244,900 |
| Median Rent | $852 | $916 | $1,163 |
| Median Income | $52,097 | $67,080 | $69,021 |
| Home Value To Income | 2.0x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Beloit, WI Costs By Category
Detailed Beloit Services Costs Vs. Wisconsin
Detailed Beloit Groceries Costs Vs. Wisconsin
Detailed Beloit Health Costs Vs. Wisconsin
Detailed Beloit Transportation Costs Vs. Wisconsin
Detailed Beloit Utilities Costs Vs. Wisconsin
Beloit SnackAbility
/10
Cost Of Living In Cities Around Beloit
The cost of living varies in the cities and towns around Beloit. Here's a quick look at the cost of living in the most populous nearby places:
Rockford, IL has a cost of living index of 86, 1.0x Beloit.
Janesville, WI has a cost of living index of 91, 1.1x Beloit.
Belvidere, IL has a cost of living index of 84, 1.0x Beloit.
| City | Population | Cost Of Living | Vs. Beloit |
|---|---|---|---|
| Rockford, IL | 148,942 | 86 | 1.0x |
| Janesville, WI | 65,506 | 91 | 1.1x |
| Belvidere, IL | 25,179 | 84 | 1.0x |
| Loves Park, IL | 23,223 | 86 | 1.0x |
| Machesney Park, IL | 22,870 | 88 | 1.0x |
| Roscoe, IL | 11,092 | 97 | 1.1x |
| Rockton, IL | 8,051 | 94 | 1.1x |
| South Beloit, IL | 7,943 | 86 | 1.0x |
| Milton, WI | 5,708 | 96 | 1.1x |
| Candlewick Lake, IL | 5,154 | 93 | 1.1x |
