Manitowoc, WI

Very Low · 52

Wisconsin · Population 34,553 · Updated March 2026

$787
Median Rent / Month
$62,133
Median Income
$143,900
Median Home Value
$795
Owner Costs / Month

Affordability

How far your income goes in Manitowoc

15.2%
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

$9,444
Annual Rent
$4,753
State Income Tax
$2,317
Property Tax (est.)

Cost of Living Overview

Manitowoc is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 52 (where 100 equals the national median), Manitowoc residents can expect to pay median rent of $787/month while earning a median household income of $62,133/year.

The median home value in Manitowoc, WI is $143,900, with typical monthly owner costs around $795 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.2% 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 Manitowoc.

Frequently Asked Questions

Common questions about living costs in Manitowoc

What is the cost of living in Manitowoc, WI?
The cost of living index in Manitowoc, WI is 52 (US average = 100). Median monthly rent is $787, median household income is $62,133/year, and the median home value is $143,900.
Is Manitowoc, WI affordable?
Yes, Manitowoc is more affordable than the national average with a cost index of 52. The rent-to-income ratio is 15.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Manitowoc, WI?
The median gross rent in Manitowoc, WI is $787 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,444.
What is the median household income in Manitowoc?
The median household income in Manitowoc, 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%.