Stevens Point, WI

Very Low · 62

Wisconsin · Population 25,497 · Updated March 2026

$874
Median Rent / Month
$56,218
Median Income
$189,700
Median Home Value
$896
Owner Costs / Month

Affordability

How far your income goes in Stevens Point

18.7%
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

$10,488
Annual Rent
$4,301
State Income Tax
$3,054
Property Tax (est.)

Cost of Living Overview

Stevens Point 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), Stevens Point residents can expect to pay median rent of $874/month while earning a median household income of $56,218/year.

The median home value in Stevens Point, WI is $189,700, with typical monthly owner costs around $896 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.7% 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 Stevens Point.

Frequently Asked Questions

Common questions about living costs in Stevens Point

What is the cost of living in Stevens Point, WI?
The cost of living index in Stevens Point, WI is 62 (US average = 100). Median monthly rent is $874, median household income is $56,218/year, and the median home value is $189,700.
Is Stevens Point, WI affordable?
Yes, Stevens Point is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 18.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Stevens Point, WI?
The median gross rent in Stevens Point, WI is $874 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,488.
What is the median household income in Stevens Point?
The median household income in Stevens Point, WI is $56,218 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%.