Beaver Dam, WI

Very Low · 66

Wisconsin · Population 16,629 · Updated March 2026

$942
Median Rent / Month
$68,757
Median Income
$189,800
Median Home Value
$1,032
Owner Costs / Month

Affordability

How far your income goes in Beaver Dam

16.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Wisconsin

State-level tax rates that affect your costs

7.65%
Income Tax (Top Rate)
5.0%
Sales Tax
1.61%
Property Tax Rate

Estimated Annual Costs

$11,304
Annual Rent
$5,260
State Income Tax
$3,056
Property Tax (est.)

Cost of Living Overview

Beaver Dam is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 66 (where 100 equals the national median), Beaver Dam residents can expect to pay median rent of $942/month while earning a median household income of $68,757/year.

The median home value in Beaver Dam, WI is $189,800, with typical monthly owner costs around $1,032 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Wisconsin has a moderate income tax rate of 7.65%. Combined with a 5.0% sales tax rate and 1.61% effective property tax rate, the overall tax environment is a factor in the total cost of living in Beaver Dam.

Frequently Asked Questions

Common questions about living costs in Beaver Dam

What is the cost of living in Beaver Dam, WI?
The cost of living index in Beaver Dam, WI is 66 (US average = 100). Median monthly rent is $942, median household income is $68,757/year, and the median home value is $189,800.
Is Beaver Dam, WI affordable?
Yes, Beaver Dam is more affordable than the national average with a cost index of 66. The rent-to-income ratio is 16.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Beaver Dam, WI?
The median gross rent in Beaver Dam, WI is $942 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,304.
What is the median household income in Beaver Dam?
The median household income in Beaver Dam, WI is $68,757 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Wisconsin?
Wisconsin has a top income tax rate of 7.65%, a sales tax of 5.0%, and an effective property tax rate of 1.61%.