Wisconsin Rapids, WI

Very Low · 53

Wisconsin · Population 18,756 · Updated March 2026

$872
Median Rent / Month
$54,116
Median Income
$116,600
Median Home Value
$859
Owner Costs / Month

Affordability

How far your income goes in Wisconsin Rapids

19.3%
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

$10,464
Annual Rent
$4,140
State Income Tax
$1,877
Property Tax (est.)

Cost of Living Overview

Wisconsin Rapids is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 53 (where 100 equals the national median), Wisconsin Rapids residents can expect to pay median rent of $872/month while earning a median household income of $54,116/year.

The median home value in Wisconsin Rapids, WI is $116,600, with typical monthly owner costs around $859 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.3% 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 Wisconsin Rapids.

Frequently Asked Questions

Common questions about living costs in Wisconsin Rapids

What is the cost of living in Wisconsin Rapids, WI?
The cost of living index in Wisconsin Rapids, WI is 53 (US average = 100). Median monthly rent is $872, median household income is $54,116/year, and the median home value is $116,600.
Is Wisconsin Rapids, WI affordable?
Yes, Wisconsin Rapids is more affordable than the national average with a cost index of 53. The rent-to-income ratio is 19.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Wisconsin Rapids, WI?
The median gross rent in Wisconsin Rapids, WI is $872 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,464.
What is the median household income in Wisconsin Rapids?
The median household income in Wisconsin Rapids, WI is $54,116 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%.