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: $193500
• 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 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: 112.3

Median Income

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

• Median Income: $59619

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 Portage, 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.