Monona, WI Cost Of Living
Cost Of Living In Monona, WI Summary
Cost of living in Monona 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 Monona 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 Monona is 110, with 100 being the average.
The cost of living index in Monona is 1.1x higher than the national average.
Monona ranks as the #129 cheapest in Wisconsin out of 143.
Monona ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Monona is $303,300.
The median income in Monona is $82,579.
Table Of Contents
Monona's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Monona, WI?
According to the most recent data on the cost of living, Monona has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Wisconsin, Monona has a cost of living index that's 1.2x higher than Wisconsin's index of 95.
The standard of living in Monona ranks as #129 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Monona ranks as the #14 most expensive place in the Badger State.
For more reading on life in Monona, check out:
- Living In Monona
- Monona Crime Report
- Search Homes For Sale In Monona, WI
In Wisconsin
In America
Monona Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Monona. Here is how it fairs on each of the criteria:
The Services index in Monona is 107.
The Groceries index in Monona is 110.
The Health index in Monona is 124.
The Housing index in Monona is 114.
The Transportation index in Monona is 101.
The Utilities index in Monona is 101.
| Living Expense | Monona | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 110 | 95 | 100 | |
| Services | 107 | 97 | 100 | |
| Groceries | 110 | 98 | 100 | |
| Health | 124 | 114 | 100 | |
| Housing | 114 | 84 | 100 | |
| Transportation | 101 | 96 | 100 | |
| Utilities | 101 | 103 | 100 | |
Monona, 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 Monona is $303,300.
The Median Rent in Monona is $1,059.
The Median Income in Monona is $82,579.
The Home Value To Income in Monona is 3.7x.
The Rent To Monthly Income in Monona is 0.15x.
| Statistic | Monona | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $303,300 | $200,400 | $244,900 |
| Median Rent | $1,059 | $916 | $1,163 |
| Median Income | $82,579 | $67,080 | $69,021 |
| Home Value To Income | 3.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Monona, WI Costs By Category
Detailed Monona Services Costs Vs. Wisconsin
Detailed Monona Groceries Costs Vs. Wisconsin
Detailed Monona Health Costs Vs. Wisconsin
Detailed Monona Transportation Costs Vs. Wisconsin
Detailed Monona Utilities Costs Vs. Wisconsin
Monona SnackAbility
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Cost Of Living In Cities Around Monona
The cost of living varies in the cities and towns around Monona. 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 Monona.
Sun Prairie, WI has a cost of living index of 108, 1.0x Monona.
Fitchburg, WI has a cost of living index of 115, 1.0x Monona.
| City | Population | Cost Of Living | Vs. Monona |
|---|---|---|---|
| Madison, WI | 265,447 | 109 | 1.0x |
| Sun Prairie, WI | 35,528 | 108 | 1.0x |
| Fitchburg, WI | 29,361 | 115 | 1.0x |
| 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 | 0.9x |
| McFarland, WI | 9,026 | 109 | 1.0x |
