McFarland, WI Cost Of Living
Cost Of Living In McFarland, WI Summary
Cost of living in McFarland 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 McFarland 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 McFarland is 109, with 100 being the average.
The cost of living index in McFarland is 1.1x higher than the national average.
McFarland ranks as the #126 cheapest in Wisconsin out of 143.
McFarland ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in McFarland is $285,300.
The median income in McFarland is $83,865.
Table Of Contents
McFarland's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in McFarland, WI?
According to the most recent data on the cost of living, McFarland has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Wisconsin, McFarland has a cost of living index that's 1.1x higher than Wisconsin's index of 95.
The standard of living in McFarland ranks as #126 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies McFarland ranks as the #17 most expensive place in the Badger State.
For more reading on life in McFarland, check out:
- Living In McFarland
- McFarland Crime Report
- Search Homes For Sale In Mcfarland, WI
In Wisconsin
In America
McFarland Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in McFarland. Here is how it fairs on each of the criteria:
The Services index in McFarland is 108.
The Groceries index in McFarland is 108.
The Health index in McFarland is 125.
The Housing index in McFarland is 122.
The Transportation index in McFarland is 101.
The Utilities index in McFarland is 98.
| Living Expense | McFarland | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 109 | 95 | 100 | |
| Services | 108 | 97 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 125 | 114 | 100 | |
| Housing | 122 | 84 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 98 | 103 | 100 | |
McFarland, 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 McFarland is $285,300.
The Median Rent in McFarland is $1,232.
The Median Income in McFarland is $83,865.
The Home Value To Income in McFarland is 3.4x.
The Rent To Monthly Income in McFarland is 0.18x.
| Statistic | McFarland | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $285,300 | $200,400 | $244,900 |
| Median Rent | $1,232 | $916 | $1,163 |
| Median Income | $83,865 | $67,080 | $69,021 |
| Home Value To Income | 3.4x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
McFarland, WI Costs By Category
Detailed McFarland Services Costs Vs. Wisconsin
Detailed McFarland Groceries Costs Vs. Wisconsin
Detailed McFarland Health Costs Vs. Wisconsin
Detailed McFarland Transportation Costs Vs. Wisconsin
Detailed McFarland Utilities Costs Vs. Wisconsin
Mcfarland SnackAbility
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Cost Of Living In Cities Around McFarland
The cost of living varies in the cities and towns around McFarland. Here's a quick look at the cost of living in the most populous nearby places:
Madison, WI has a cost of living index of 109, 1.0x McFarland.
Sun Prairie, WI has a cost of living index of 108, 1.0x McFarland.
Fitchburg, WI has a cost of living index of 115, 1.1x McFarland.
| City | Population | Cost Of Living | Vs. McFarland |
|---|---|---|---|
| Madison, WI | 265,447 | 109 | 1.0x |
| Sun Prairie, WI | 35,528 | 108 | 1.0x |
| Fitchburg, WI | 29,361 | 115 | 1.1x |
| Middleton, WI | 21,634 | 118 | 1.1x |
| Waunakee, WI | 14,679 | 119 | 1.1x |
| Verona, WI | 13,798 | 116 | 1.1x |
| Stoughton, WI | 13,158 | 101 | 0.9x |
| Oregon, WI | 11,100 | 110 | 1.0x |
| DeForest, WI | 10,700 | 104 | 1.0x |
| Monona, WI | 8,560 | 110 | 1.0x |
