Rice Lake, WI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Rice Lake, WI Summary

Cost of living in Rice Lake 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 Rice Lake 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 Rice Lake is 91, with 100 being the average.

  • The cost of living index in Rice Lake is 0.9x lower than the national average.

  • Rice Lake ranks as the #39 cheapest in Wisconsin out of 143.

  • Rice Lake ranks as the #1,804 cheapest out of 6,412 in the US.

  • The median home value in Rice Lake is $152,200.

  • The median income in Rice Lake is $41,505.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
91
Rice Lake's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Rice Lake, WI?

According to the most recent data on the cost of living, Rice Lake has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.

Compared to Wisconsin, Rice Lake has a cost of living index that's 1.0x lower than Wisconsin's index of 95.

The standard of living in Rice Lake ranks as #39 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Rice Lake ranks as the #104 most expensive place in the Badger State.

For more reading on life in Rice Lake, check out:

39 out of 143
In Wisconsin
1,804 out of 6,412
In America

Rice Lake Cost Of Living Vs. Wisconsin

Six factors go into calculating the cost of living index in Rice Lake. Here is how it fairs on each of the criteria:

  • The Services index in Rice Lake is 102.

  • The Groceries index in Rice Lake is 95.

  • The Health index in Rice Lake is 109.

  • The Housing index in Rice Lake is 63.

  • The Transportation index in Rice Lake is 100.

  • The Utilities index in Rice Lake is 105.

Living Expense Rice Lake Wisconsin National Average
Overall 91 95 100
Services 102 97 100
Groceries 95 98 100
Health 109 114 100
Housing 63 84 100
Transportation 100 96 100
Utilities 105 103 100
For more reading on cost of living around Wisconsin, check out:
Rice Lake Cost of Living Vs. WI

Rice Lake, 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 Rice Lake is $152,200.

  • The Median Rent in Rice Lake is $781.

  • The Median Income in Rice Lake is $41,505.

  • The Home Value To Income in Rice Lake is 3.7x.

  • The Rent To Monthly Income in Rice Lake is 0.23x.

Statistic Rice Lake Wisconsin United States
Median Home Value $152,200 $200,400 $244,900
Median Rent $781 $916 $1,163
Median Income $41,505 $67,080 $69,021
Home Value To Income 3.7x 3.0x 3.5x
Rent To Monthly Income 0.23x 0.16x 0.2x
Search Homes For Sale In Rice Lake, WI
$152,200
Median Home Value
$781
Median Rent
$41,505
Median Income

Rice Lake, WI Costs By Category

Detailed Rice Lake Services Costs Vs. Wisconsin

Item Rice Lake Wisconsin
Shampoo $1.15 $1.06
Movie $8.13 $10.68
Bowling $14.67 $14.67
Haircut $18.29 $18.62
Beauty Salon $36.11 $39.05

Detailed Rice Lake Groceries Costs Vs. Wisconsin

Item Rice Lake Wisconsin
Ground Beef $3.82 $4.22
Fried Chicken $1.73 $1.39
Milk $1.75 $2.05
Potatoes $2.42 $3.29
Pizza $12.22 $10.62
Beer $8.33 $9.38
Toothpaste $2.71 $2.34

Detailed Rice Lake Health Costs Vs. Wisconsin

Item Rice Lake Wisconsin
Optometrist $117.84 $108.57
Doctor $170.77 $116.17
Dentist $96.35 $99.13

Detailed Rice Lake Transportation Costs Vs. Wisconsin

Item Rice Lake Wisconsin
Gasoline $2.16 $2.22
Tire Balancing $56.15 $50.07

Detailed Rice Lake Utilities Costs Vs. Wisconsin

Item Rice Lake Wisconsin
All Electricity $187.42 $167.67
Phone $179.44 $175.64

Rice Lake SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
6
Affordability
6
Diversity
4
Safety
4
Amenities
8
Education
8
Commute
10

Cost Of Living In Cities Around Rice Lake

The cost of living varies in the cities and towns around Rice Lake. Here's a quick look at the cost of living in the most populous nearby places:

  • Eau Claire, WI has a cost of living index of 93, 1.0x Rice Lake.

  • Menomonie, WI has a cost of living index of 93, 1.0x Rice Lake.

  • Chippewa Falls, WI has a cost of living index of 92, 1.0x Rice Lake.

City Population Cost Of Living Vs. Rice Lake
Eau Claire, WI 69,030 93 1.0x
Menomonie, WI 16,721 93 1.0x
Chippewa Falls, WI 14,581 92 1.0x
New Richmond, WI 9,908 97 1.1x
Altoona, WI 8,244 96 1.1x
Lake Hallie, WI 7,099 98 1.1x

Articles About Wisconsin

Enjoy The Snack?