Verona, WI

Above Avg · 114

Wisconsin · Population 14,499 · Updated March 2026

$1,462
Median Rent / Month
$119,148
Median Income
$382,800
Median Home Value
$1,696
Owner Costs / Month

Affordability

How far your income goes in Verona

14.7%
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

$17,544
Annual Rent
$9,115
State Income Tax
$6,163
Property Tax (est.)

Cost of Living Overview

Verona is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 114 (where 100 equals the national median), Verona residents can expect to pay median rent of $1,462/month while earning a median household income of $119,148/year.

The median home value in Verona, WI is $382,800, with typical monthly owner costs around $1,696 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.7% 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 Verona.

Frequently Asked Questions

Common questions about living costs in Verona

What is the cost of living in Verona, WI?
The cost of living index in Verona, WI is 114 (US average = 100). Median monthly rent is $1,462, median household income is $119,148/year, and the median home value is $382,800.
Is Verona, WI affordable?
No, Verona is more expensive than the national average with a cost index of 114. The rent-to-income ratio is 14.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Verona, WI?
The median gross rent in Verona, WI is $1,462 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,544.
What is the median household income in Verona?
The median household income in Verona, WI is $119,148 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%.