Racine, WI Cost Of Living
Cost Of Living In Racine, WI Summary
Cost of living in Racine 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 Racine 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 Racine is 86, with 100 being the average.
The cost of living index in Racine is 0.9x lower than the national average.
Racine ranks as the #15 cheapest in Wisconsin out of 143.
Racine ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Racine is $125,600.
The median income in Racine is $48,238.
Table Of Contents
Racine's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Racine, WI?
According to the most recent data on the cost of living, Racine has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Wisconsin, Racine has a cost of living index that's 0.9x lower than Wisconsin's index of 95.
The standard of living in Racine ranks as #15 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Racine ranks as the #128 most expensive place in the Badger State.
For more reading on life in Racine, check out:
- Living In Racine
- Racine Crime Report
- Search Homes For Sale In Racine, WI
In Wisconsin
In America
Racine Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Racine. Here is how it fairs on each of the criteria:
The Services index in Racine is 95.
The Groceries index in Racine is 97.
The Health index in Racine is 111.
The Housing index in Racine is 66.
The Transportation index in Racine is 90.
The Utilities index in Racine is 94.
| Living Expense | Racine | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 86 | 95 | 100 | |
| Services | 95 | 97 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 111 | 114 | 100 | |
| Housing | 66 | 84 | 100 | |
| Transportation | 90 | 96 | 100 | |
| Utilities | 94 | 103 | 100 | |
Racine, 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 Racine is $125,600.
The Median Rent in Racine is $893.
The Median Income in Racine is $48,238.
The Home Value To Income in Racine is 2.6x.
The Rent To Monthly Income in Racine is 0.22x.
| Statistic | Racine | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $125,600 | $200,400 | $244,900 |
| Median Rent | $893 | $916 | $1,163 |
| Median Income | $48,238 | $67,080 | $69,021 |
| Home Value To Income | 2.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Racine, WI Costs By Category
Detailed Racine Services Costs Vs. Wisconsin
Detailed Racine Groceries Costs Vs. Wisconsin
Detailed Racine Health Costs Vs. Wisconsin
Detailed Racine Transportation Costs Vs. Wisconsin
Detailed Racine Utilities Costs Vs. Wisconsin
Racine SnackAbility
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Cost Of Living In Cities Around Racine
The cost of living varies in the cities and towns around Racine. Here's a quick look at the cost of living in the most populous nearby places:
Kenosha, WI has a cost of living index of 91, 1.1x Racine.
Franklin, WI has a cost of living index of 104, 1.2x Racine.
Oak Creek, WI has a cost of living index of 99, 1.2x Racine.
| City | Population | Cost Of Living | Vs. Racine |
|---|---|---|---|
| Kenosha, WI | 99,605 | 91 | 1.1x |
| Franklin, WI | 36,685 | 104 | 1.2x |
| Oak Creek, WI | 36,266 | 99 | 1.2x |
| Mount Pleasant, WI | 27,572 | 97 | 1.1x |
| Caledonia, WI | 25,288 | 97 | 1.1x |
| Muskego, WI | 24,991 | 108 | 1.3x |
| Zion, IL | 24,660 | 88 | 1.0x |
| Pleasant Prairie, WI | 21,193 | 101 | 1.2x |
| South Milwaukee, WI | 20,785 | 93 | 1.1x |
| Cudahy, WI | 18,197 | 91 | 1.1x |
