Janesville, WI

Very Low · 72

Wisconsin · Population 65,813 · Updated March 2026

$1,037
Median Rent / Month
$71,664
Median Income
$209,700
Median Home Value
$1,086
Owner Costs / Month

Affordability

How far your income goes in Janesville

17.4%
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

$12,444
Annual Rent
$5,482
State Income Tax
$3,376
Property Tax (est.)

Cost of Living Overview

Janesville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Janesville residents can expect to pay median rent of $1,037/month while earning a median household income of $71,664/year.

The median home value in Janesville, WI is $209,700, with typical monthly owner costs around $1,086 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.4% 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 Janesville.

Frequently Asked Questions

Common questions about living costs in Janesville

What is the cost of living in Janesville, WI?
The cost of living index in Janesville, WI is 72 (US average = 100). Median monthly rent is $1,037, median household income is $71,664/year, and the median home value is $209,700.
Is Janesville, WI affordable?
Yes, Janesville is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 17.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Janesville, WI?
The median gross rent in Janesville, WI is $1,037 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,444.
What is the median household income in Janesville?
The median household income in Janesville, WI is $71,664 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%.