Platteville, WI

Very Low · 62

Wisconsin · Population 11,421 · Updated March 2026

$885
Median Rent / Month
$42,667
Median Income
$186,900
Median Home Value
$914
Owner Costs / Month

Affordability

How far your income goes in Platteville

24.9%
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

$10,620
Annual Rent
$3,264
State Income Tax
$3,009
Property Tax (est.)

Cost of Living Overview

Platteville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 62 (where 100 equals the national median), Platteville residents can expect to pay median rent of $885/month while earning a median household income of $42,667/year.

The median home value in Platteville, WI is $186,900, with typical monthly owner costs around $914 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.9% 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 Platteville.

Frequently Asked Questions

Common questions about living costs in Platteville

What is the cost of living in Platteville, WI?
The cost of living index in Platteville, WI is 62 (US average = 100). Median monthly rent is $885, median household income is $42,667/year, and the median home value is $186,900.
Is Platteville, WI affordable?
Yes, Platteville is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 24.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Platteville, WI?
The median gross rent in Platteville, WI is $885 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,620.
What is the median household income in Platteville?
The median household income in Platteville, WI is $42,667 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%.