A
1%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
12%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Howard Wisconsin National
Cost of living10196100
Goods & Services9597100
Groceries9899100
Health care95112100
Housing11288100
Transportation9998100
Utilities98102100

An Overview of Cost of Living in Howard, WI

Are you thinking about relocating, but curious about the potential cost of living in Howard? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Howard stands at 101, making it 1% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Howard are priced in a manner consistent with other areas. This means that residents of Howard can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Howard Affordable?

Wondering if Howard is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Howard, for example, the median home price is 21.9% higher than what folks pay nationally, and monthly rent is 9.8% lower than the usual rates. Plus, income levels matter too, with Howard boasting a median household income of $66,506, which is 20.2% higher than the national average.

What Factors can Influence the Cost of Living in Howard?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Howard, the healthcare costs are 5.5% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Howard, the housing index stands at 12.4% higher than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Where is the Data From?

The Howard cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Howard is 6% higher than the Wisconsin average
  • The cost of living in Howard is 1% higher than the national average
  • Howard housing is 12% higher than the national average
  • Wisconsin general sales tax is 2% lower than the national average
  • Wisconsin state income tax is 36% higher than the national average

Most Affordable Places to Live in and Around Howard

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Compare Howard, WI Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$95,386$7,949$2,226$2,862
      Renters$40,879$3,407$954$1,226
      To approximate the cost of living and the housing affordability in Howard, WI, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Howard have a median income of $95,386. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,226 per month to avoid calamity and poverty. The renters in the city have an income of about $40,879, which would make their monthly maximum allowable rental costs $954.

      Wisconsin Sales Tax

      State General Sales Tax With Max Surtax
      Wisconsin 5% 6.75%

      Wisconsin Income Tax

      State Income Tax (Low) Income Tax (High)
      Wisconsin 3.54% 7.65%

      Goods & Services

      Item Howard National avg. Difference
      Haircut $20.11$24.2617.1%
      Beauty Salon $30.55$45.5632.9%
      Toothpaste $3.73$3.700.7%
      Shampoo $1.29$1.281.0%
      Movie $14.24$12.1317.4%
      Bowling $17.83$18.000.9%

      Groceries

      Item Howard National avg. Difference
      Ground Beef $6.10$5.844.4%
      Fried Chicken $1.42$1.579.5%
      Milk $4.73$4.671.3%
      Potatoes $4.35$4.9311.9%
      Pizza $10.54$12.0912.8%
      Beer $8.87$10.4114.8%

      Health Care

      Item Howard National avg. Difference
      Optometrist $78.75$125.6837.3%
      Doctor $157.90$135.7816.3%
      Dentist $104.06$113.298.1%
      Ibuprofen $10.58$10.650.7%
      Lipitor $357.09$468.6023.8%

      Housing

      Item Howard National avg. Difference
      Home Price $225,200.00$184,700.0021.9%
      Avg. Mortgage Payment $2,027.96$2,346.6913.6%
      Apartment Rent $856.00$949.009.8%

      Transportation

      Item Howard National avg. Difference
      Gasoline $3.32$3.464.2%
      Tire Balancing $63.04$59.925.2%

      Utilities

      Item Howard National avg. Difference
      All Electricity $191.22$193.991.4%
      Phone $185.40$192.253.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Sobieski, WI4238713.4%
      Angelica, WI938910.5%
      Seymour, WI3,459909.6%
      Krakow, WI302919.0%
      Green Bay, WI104,508919.0%
      Howard, WI19,8791011.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Forest Park, GA19,8848514.6%
      Colchester, Subd. B, NS19,895n/a 
      Bothell West, WA19,89915858.2%
      Alamo, TX19,8517822.3%
      Eastchester, NY19,91116766.8%
      Howard, WI19,8791011.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.