Cost of Living in Grafton, WI

Housing

The housing market plays a significant role in determining the cost of living in Grafton, WI.

• Housing Index: 110.0 / 100
• Median Home Price is: $292500
• Average Rent (2 BR Apartment): $1500 per month
• Average Rent (2 BR House): $1600 per month

Considering a move to Grafton, WI? The housing index stands at 110.0, indicating a higher-than-average cost of living. With a median home price of 292500, buying may be more feasible if you're looking to settle down. For renters, prices for a 2-bedroom apartment average around 1500, while 2-bedroom houses rent for about 1600. Be aware that rental prices may increase due to demand, so timing and market research are crucial. It's essential to weigh your housing options based on your long-term plans and budget.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Grafton, 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.): $200 per month

Living in Grafton, 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 200 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $83500

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Grafton, WI, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.