Cost of Living in Minocqua, WI
Housing
The housing market plays a significant role in determining the cost of living in Minocqua, WI.
- Housing Index: 90.0 / 100
- Median Home Price is: $300,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
When considering moving to Minocqua, WI, the housing index stands at 90.0, indicating a moderately affordable market compared to national averages. The median home price of 300000 is competitive, especially for buyers seeking value. Renters can expect to pay an average of 1200 for a 2-bedroom apartment or 1240 for a 2-bedroom house, which can be a cost-effective option compared to larger cities. Overall, this area offers a balanced lifestyle with reasonable housing costs, making it an attractive option for families and young professionals alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Minocqua, WI.
- Electricity Price: $17.6 USD (median by state)
- Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Minocqua, WI could entail higher utility costs. Electricity costs sit at $17.6, while natural gas is priced at $11.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Minocqua is a financially viable option for your relocation.