Cost of living in Jefferson 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 Jefferson 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 Jefferson is 99, with 100 being the average.
The cost of living index in Jefferson is 1.0x lower than the national average.
Jefferson ranks as the #96 cheapest in Wisconsin out of 143.
Jefferson ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Jefferson is $174,600.
The median income in Jefferson is $65,874.
According to the most recent data on the cost of living, Jefferson has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Wisconsin, Jefferson has a cost of living index that's 1.0x higher than Wisconsin's index of 95.
The standard of living in Jefferson ranks as #96 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Jefferson ranks as the #47 most expensive place in the Badger State.
For more reading on life in Jefferson, check out:
Six factors go into calculating the cost of living index in Jefferson. Here is how it fairs on each of the criteria:
The Services index in Jefferson is 108.
The Groceries index in Jefferson is 107.
The Health index in Jefferson is 126.
The Housing index in Jefferson is 77.
The Transportation index in Jefferson is 104.
The Utilities index in Jefferson is 101.
Living Expense | Jefferson | Wisconsin | National Average | |
---|---|---|---|---|
Overall | 99 | 95 | 100 | |
Services | 108 | 97 | 100 | |
Groceries | 107 | 98 | 100 | |
Health | 126 | 114 | 100 | |
Housing | 77 | 84 | 100 | |
Transportation | 104 | 96 | 100 | |
Utilities | 101 | 103 | 100 |
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 Jefferson is $174,600.
The Median Rent in Jefferson is $921.
The Median Income in Jefferson is $65,874.
The Home Value To Income in Jefferson is 2.7x.
The Rent To Monthly Income in Jefferson is 0.17x.
Statistic | Jefferson | Wisconsin | United States |
---|---|---|---|
Median Home Value | $174,600 | $200,400 | $244,900 |
Median Rent | $921 | $916 | $1,163 |
Median Income | $65,874 | $67,080 | $69,021 |
Home Value To Income | 2.7x | 3.0x | 3.5x |
Rent To Monthly Income | 0.17x | 0.16x | 0.2x |
The cost of living varies in the cities and towns around Jefferson. Here's a quick look at the cost of living in the most populous nearby places:
Watertown, WI has a cost of living index of 99, 1.0x Jefferson.
Oconomowoc, WI has a cost of living index of 103, 1.0x Jefferson.
Whitewater, WI has a cost of living index of 100, 1.0x Jefferson.
City | Population | Cost Of Living | Vs. Jefferson |
---|---|---|---|
Watertown, WI | 23,030 | 99 | 1.0x |
Oconomowoc, WI | 17,969 | 103 | 1.0x |
Whitewater, WI | 14,369 | 100 | 1.0x |
Fort Atkinson, WI | 12,529 | 97 | 1.0x |
Lake Mills, WI | 6,194 | 101 | 1.0x |
Edgerton, WI | 5,825 | 98 | 1.0x |
Milton, WI | 5,708 | 96 | 1.0x |