Cost of Living in Portage, WI
Housing
The housing market plays a significant role in determining the cost of living in Portage, WI.
- Housing Index: 120.0 / 100
- Median Home Price is: $193,500
- Average Rent (2 BR Apartment): $1250 per month
- Average Rent (2 BR House): $1300 per month
When considering a move to Portage, WI, the housing index currently stands at 120.0 (120.0), indicating that the cost of living is above the national average. The median home price of 193500 ($193,500) offers reasonable affordability, while the average rent for a 2-bedroom apartment is 1250 ($1,250) and for a 2-bedroom house is 1300 ($1,300). These factors suggest that although purchasing a home is attainable, renting may impact your budget. Keep in mind that other local amenities and job opportunities will also play a role in your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Portage, 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 Portage, 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 Portage is a financially viable option for your relocation.