A+
15%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
43%
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 Two Rivers Wisconsin National
Cost of living8596100
Goods & Services9597100
Groceries9899100
Health care95112100
Housing5788100
Transportation9998100
Utilities98102100

An Overview of Cost of Living in Two Rivers, WI

Getting a feel for the cost of living in Two Rivers 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 Two Rivers is 85, which is 15% lower 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 expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Two Rivers are 43.1% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.

Is Two Rivers Affordable?

Is Two Rivers affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Two Rivers, for instance, where the median home price falls 49.4% lower than the national average, and monthly rent rates are 28.5% lower than usual. Additionally, median income levels contribute to the equation, with Two Rivers flaunting a median household income of $49,994, 9.6% lower than the national norm.

What Factors can Influence the Cost of Living in Two Rivers?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

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 Two Rivers, the groceries index is 1.7% lower than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Two Rivers, healthcare costs are 5.5% lower than the national average.

Where is the Data From?

The Two Rivers 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Two Rivers is 12% lower than the Wisconsin average
  • The cost of living in Two Rivers is 15% lower than the national average
  • Two Rivers housing is 43% lower 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 Two Rivers

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Compare Two Rivers, 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$61,457$5,121$1,434$1,844
      Renters$39,544$3,295$923$1,186
      To approximate the cost of living and the housing affordability in Two Rivers, 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 Two Rivers have a median income of $61,457. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,434 per month to avoid calamity and poverty. The renters in the city have an income of about $39,544, which would make their monthly maximum allowable rental costs $923.

      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 Two Rivers 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 Two Rivers 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 Two Rivers 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 Two Rivers National avg. Difference
      Home Price $93,400.00$184,700.0049.4%
      Avg. Mortgage Payment $2,027.96$2,346.6913.6%
      Apartment Rent $679.00$949.0028.5%

      Transportation

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

      Utilities

      Item Two Rivers 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.
      Kellnersville, WI3408514.6%
      Manitowoc, WI32,5588713.3%
      Mishicot, WI1,4418812.4%
      Maribel, WI3628911.4%
      Francis Creek, WI6068910.8%
      Two Rivers, WI11,0798515.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Celebration, FL11,07713838.2%
      Sonoma, CA11,08219696.0%
      Forest, VA11,0751055.1%
      Grandview, WA11,075955.3%
      Lake Grove, NY11,08314646.5%
      Two Rivers, WI11,0798515.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.