Cost of Living in Pleasant Prairie, WI

An Overview of Cost of Living in Pleasant Prairie, WI

Getting a feel for the cost of living in Pleasant Prairie is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Pleasant Prairie is 111, which is 11% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Housing costs are a very significant part of the Pleasant Prairie cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 32.9% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Pleasant Prairie Affordable?

Wondering if Pleasant Prairie 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 Pleasant Prairie, for example, the median home price is 34.7% higher than what folks pay nationally, and monthly rent is 28.6% higher than the usual rates. Plus, income levels matter too, with Pleasant Prairie boasting a median household income of $96,323, which is 74.1% higher than the national average.

What Factors can Influence the Cost of Living in Pleasant Prairie?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Pleasant Prairie, the groceries index is 2.8% higher than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Pleasant Prairie, the standard sales tax rate starts at 5%, and the income tax rates commence at 3.54%.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Pleasant Prairie, the transportation index is 1.1% lower than the national average.

Where is the Data From?

The Pleasant Prairie 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.