Chippewa Falls, WI

Very Low · 63

Wisconsin · Population 14,643 · Updated March 2026

$910
Median Rent / Month
$62,133
Median Income
$194,800
Median Home Value
$908
Owner Costs / Month

Affordability

How far your income goes in Chippewa Falls

17.6%
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

$10,920
Annual Rent
$4,753
State Income Tax
$3,136
Property Tax (est.)

Cost of Living Overview

Chippewa Falls is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 63 (where 100 equals the national median), Chippewa Falls residents can expect to pay median rent of $910/month while earning a median household income of $62,133/year.

The median home value in Chippewa Falls, WI is $194,800, with typical monthly owner costs around $908 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.6% 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 Chippewa Falls.

Frequently Asked Questions

Common questions about living costs in Chippewa Falls

What is the cost of living in Chippewa Falls, WI?
The cost of living index in Chippewa Falls, WI is 63 (US average = 100). Median monthly rent is $910, median household income is $62,133/year, and the median home value is $194,800.
Is Chippewa Falls, WI affordable?
Yes, Chippewa Falls is more affordable than the national average with a cost index of 63. The rent-to-income ratio is 17.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Chippewa Falls, WI?
The median gross rent in Chippewa Falls, WI is $910 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,920.
What is the median household income in Chippewa Falls?
The median household income in Chippewa Falls, WI is $62,133 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%.