Cost Of Living in Somerset, WI

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	Somerset	Wisconsin	National
Cost of living	98	96	100
Goods & Services	96	97	100
Groceries	99	99	100
Health care	101	112	100
Housing	101	88	100
Transportation	98	98	100
Utilities	94	102	100

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Cost Of Living Quick Facts

The cost of living in Somerset is 2% higher than the Wisconsin average
The cost of living in Somerset is 2% lower than the national average
Somerset housing is 1% 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

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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	$82,188	$6,849	$1,918	$2,466
Renters	$48,421	$4,035	$1,130	$1,453

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	Somerset	National avg.	Difference
Haircut	$28.67	$24.26	18.2%
Beauty Salon	$34.55	$45.56	24.2%
Toothpaste	$3.75	$3.70	1.4%
Shampoo	$1.30	$1.28	1.5%
Movie	$13.47	$12.13	11.0%
Bowling	$21.50	$18.00	19.4%

Groceries

Item	Somerset	National avg.	Difference
Ground Beef	$5.49	$5.84	5.9%
Fried Chicken	$1.35	$1.57	14.2%
Milk	$4.63	$4.67	0.8%
Potatoes	$4.98	$4.93	0.8%
Pizza	$12.49	$12.09	3.3%
Beer	$9.36	$10.41	10.1%

Health Care

Item	Somerset	National avg.	Difference
Optometrist	$145.44	$125.68	15.7%
Doctor	$229.08	$135.78	68.7%
Dentist	$108.67	$113.29	4.1%
Ibuprofen	$10.36	$10.65	2.7%
Lipitor	$599.08	$468.60	27.8%

Housing

Item	Somerset	National avg.	Difference
Home Price	$187,300.00	$184,700.00	1.4%
Avg. Mortgage Payment	$1,941.44	$2,346.69	17.3%
Apartment Rent	$960.00	$949.00	1.2%

Transportation

Item	Somerset	National avg.	Difference
Gasoline	$3.38	$3.46	2.5%
Tire Balancing	$61.74	$59.92	3.0%

Utilities

Item	Somerset	National avg.	Difference
All Electricity	$175.38	$193.99	9.6%
Phone	$187.39	$192.25	2.5%

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.
Houlton, WI	105	97	3.3%
Landfall, MN	796	70	30.3%
Deer Park, WI	258	89	10.6%
Osceola, WI	2,521	94	6.4%
Hammond, WI	2,247	94	6.2%
Somerset, WI	2,842	98	1.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Clair, PA	2,842	87	13.3%
Ferris, TX	2,842	97	2.6%
Woodbury, TN	2,841	89	11.3%
Ravensworth, VA	2,841	158	57.8%
Paden City, WV	2,841	83	17.4%
Somerset, WI	2,842	98	1.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Somerset, WI