B
9%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
38%
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 Suamico Wisconsin National
Cost of living10996100
Goods & Services9597100
Groceries9899100
Health care95112100
Housing13888100
Transportation9998100
Utilities98102100

An Overview of Cost of Living in Suamico, WI

The cost of living in Suamico affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Suamico is 109, which is 9% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Suamico closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Suamico can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Housing costs make up a big chunk of the cost of living in Suamico, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 37.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Suamico Affordable?

Is Suamico affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Suamico, the median home price is 43.8% higher than the national average and monthly rent prices are 23.5% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Suamico boasting a median household income of $98,078, 77.3% higher than the national average.

What Factors can Influence the Cost of Living in Suamico?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Suamico, the housing index comes in at 37.7% higher than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Suamico, the transportation index is 1.5% lower than the national average.

Where is the Data From?

The Suamico 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 Suamico is 14% higher than the Wisconsin average
  • The cost of living in Suamico is 9% higher than the national average
  • Suamico housing is 38% 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 Suamico

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Compare Suamico, WI Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$101,329$8,444$2,364$3,040
      Renters$78,006$6,501$1,820$2,340
      A good way to judge both the affordability of the housing and the cost of living in Suamico is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Suamico has a median income of about $101,329 for people who own homes. Based on that number, a maximum of $2,364 should be spent on expenses related to housing. Renters have a slightly different median income, which is $78,006. Based on this average, renters should spend no more than $1,820 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Suamico 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 Suamico 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 Suamico 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 Suamico National avg. Difference
      Home Price $265,600.00$184,700.0043.8%
      Avg. Mortgage Payment $2,027.96$2,346.6913.6%
      Apartment Rent $1,172.00$949.0023.5%

      Transportation

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

      Utilities

      Item Suamico 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.
      Green Valley, WI808514.9%
      Sobieski, WI4238713.4%
      Angelica, WI938910.5%
      Seymour, WI3,459909.6%
      Krakow, WI302919.0%
      Suamico, WI12,8901098.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Edgewater, NJ12,89017676.3%
      Glendale, WI12,8901065.9%
      North Adams, MA12,897963.7%
      Willow Grove, PA12,88111515.4%
      West Carrollton, OH12,9019010.1%
      Suamico, WI12,8901098.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.