Cost of Living in Janesville, WI

Housing

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

• Housing Index: 85.0 / 100
• Median Home Price is: $233000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Considering a move to Janesville, WI? The housing index of 85.0 reflects a relatively affordable market compared to national averages. With a median home price of 233000, the option to purchase a home is attractive, especially given the average rent for a 2-bedroom apartment at 1200 and a house at 1280. This suggests potential savings on long-term living expenses if you opt for buying over renting. Additionally, understanding local amenities and real estate trends can further enhance your decision-making process in this vibrant community.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Janesville, 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 Janesville, 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 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: 90.2

Median Income

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

• Median Income: $68610

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 Janesville, 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.